Price is in a very important and powerful resistance zone which I believe price will start to fall down onto a downtrend as every time it reaches this support zone it changes direction. + Price also touched 50ma and re-acted to it by going down, which shows strong confirmation of a possible downtrend.
Price broke through am ascending trendline and then came back for retest, personally now I think it is on its way down back to the opposite direction. + 50ma also flipped to the upside for further confirmation!
EURNZD is currently in a strong support zone and on the 1 hour chart you can see it retested against the support line as well making a long wick! There might be possible outcomes of price turning into the opposite direction.
Price has broken through the support line and it's now going to carry upwards for the retest then i believe it will carry on to the bearish side. + 50ma flipped to the upside also shows strong confirmation of a possible down trend.