Hello guys,
Based on the chart, we had a downtrend and now price reach a major resistance area. What we see now, is a bearish engulfing candle at this area which can show the strong rejection of price at this point.
So based on these scenarios we can expect to have a drop on EURNZD for the following hours.
Note: This post will be update base on market reaction.
✅✅ If you found our analysis useful, please Like and Subscribe us to receive more signals in future. ✅✅
Based on the chart, we had a downtrend and now price reach a major resistance area. What we see now, is a bearish engulfing candle at this area which can show the strong rejection of price at this point.
So based on these scenarios we can expect to have a drop on EURNZD for the following hours.
Note: This post will be update base on market reaction.
✅✅ If you found our analysis useful, please Like and Subscribe us to receive more signals in future. ✅✅