📉 EURNZD — Channel Breakdown Signals Potential Bearish Continuation
After a clean break below the ascending channel, EURNZD is now retesting the underside of structure. The pair has also rejected the lower time frame resistance zone, hinting at renewed downside momentum.
As long as price holds below 2.0220, bears remain in control with potential continuation toward the 2.0100 region. A daily close back above the broken channel would invalidate this setup.
Watching for confirmation on lower timeframes before continuation.
#EURNZD #ForexAnalysis #TradingView #PriceAction #TechnicalAnalysis #SwingTrading #ForexSetups #SmartMoney #FXInsights #MarketStructure
Precision setups. Smart execution. PulseTradesFX.
After a clean break below the ascending channel, EURNZD is now retesting the underside of structure. The pair has also rejected the lower time frame resistance zone, hinting at renewed downside momentum.
As long as price holds below 2.0220, bears remain in control with potential continuation toward the 2.0100 region. A daily close back above the broken channel would invalidate this setup.
Watching for confirmation on lower timeframes before continuation.
#EURNZD #ForexAnalysis #TradingView #PriceAction #TechnicalAnalysis #SwingTrading #ForexSetups #SmartMoney #FXInsights #MarketStructure
Precision setups. Smart execution. PulseTradesFX.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.