EURNZD is on a strong defense line for bears to take control again, Now it formed a correction and will continue its downtrend after correction move.
its current on the 0.618 Fib level which can also support the short idea for short term 100+ coming.
Since the trend moves below the 200EMA this shows that the pai will trend down for couple of the coming days. A good chance of 300pips coming. the candles will retest the 200EMA or The 50EMA which will confirm this downtrend.