Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. Due to MARKET RISK OFF, NZD is going down because COMMODITIES are going down.. Due to this, EURNZD is getting weak.
Therefore, EURNZD can definitely go DOWN to the SUPPORT AREA of this CHANNEL before going UP again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can SELL up to 1.6603 LEVEL. Also EURNZD can be BUY at 1.7845 LEVEL. So stay tuned for MARKET UPDATES.