EURNZD: Very Bearish Outlook 🇪🇺🇳🇿

Short

Euro / New Zealand Dollar (OANDA:EURNZD)

OANDA:EURNZD Euro / New Zealand Dollar

Head and Shoulders Parallel Channel Supply and Demand EURNZD forecast priceaction priceactionanalysis priceactiontrading priceactionstrategy

headandshoulders parallelchannel supplyanddemand eurnzd forecast priceaction priceactionanalysis priceactiontrading priceactionstrategy

snapshot

EURNZD retested a daily key resistance again.
After its test, the price formed a head and shoulders pattern
and broke below a support line of a rising channel & a horizontal neckline of h&s.

The price may drop lower now.

Next support - 1.6188

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