Will we see a change in direction for EURNZD? The swings are showing a loss in upward momentum at the 1.700 psychological level, the correction hit the 50% and the candles are getting small... so let's check the lower timeframes. Also, this is not a H&S pattern, because the neckline is not flat. Those red lines are only destined the emphasize the downward momentum switch.
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Full EURNZD analysis:
