EURNZD | Potential Head & Shoulder Pattern

EURNZD | Potential Head & Shoulder Pattern

In this scenario, we are anticipating the potential right shoulder of the pattern.

So this is a potential scenario of how the price can develop.

If the price will test the neckline close to 1.6570 we can see a price reaction that can increase
again for the right shoulder.

However, exist also the possibility that the price can move below the supposed neckline and it can
keep moving lower.

Targets:
🎯 1.6427
🎯 1.6285


Thank you and Good Luck!

Trade closed: target reached: