We have a potential short trade here in EURNZD. This is a tested trendline from the march 2019 lows. Price is below the daily 50EMA as well as creating a death cross (50/200) on the 4hr. Waiting for a 4hr close below the 50/200 and then can take short to the previous low, around 280 pips with first targeting being the 1618 at 1.669 area
Price has arrived at the 161.8 drawn off the last weekly pullback. The level also matches a 19 year trendline drawn from the year 2000. We also have strong support from the 2015 lows. Expecting a 200 pip reversal on this pair.