EURNZD: Important Bearish Breakout 🇪🇺🇳🇿

Take a look at a price action on EURNZD.

First, we saw a strong bearish wave on a daily.
Then, the market became weak and the price started to coil within a narrow horizontal range.

After a consolidation, a support of the range was broken.
It is an important sign of strength of the sellers and signifies
a local change of character.

I believe that the pair may easily drop to 1.782 support now.

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Kommentera:

The market dropped, heading towards our target!