EURNZD is trading near the lower boundary of the descending channel.
The price has fallen under the dynamic support, which now acts as resistance.
The chart formed a bearish takeover when testing the trend line, and after the candle shadow re-defined the dynamic resistance.
We expect the decline to continue after testing the lower boundary of the channel.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The price has fallen under the dynamic support, which now acts as resistance.
The chart formed a bearish takeover when testing the trend line, and after the candle shadow re-defined the dynamic resistance.
We expect the decline to continue after testing the lower boundary of the channel.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade closed: target reached
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