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EURNZD: Classic Top-Down Trading Setup đŸ‡ȘđŸ‡ș🇳🇿

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Euro / NyzeelĂ€ndsk dollar (OANDA:EURNZD)  
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OANDA:EURNZD   Euro / NyzeelĂ€ndsk dollar
Multiple Time Frame Analysis Support and Resistance Head and Shoulders EURNZD euro newzealanddollar EUR NZD Forex forecast trading techincalanalysis
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mtfa supportandresistance headandshoulders eurnzd euro newzealanddollar eur nzd forex forecast trading techincalanalysis
snapshot

EURNZD reached a key daily structure resistance on Friday.
Testing the underlined yellow area, the price formed a head & shoulders pattern on 1H time frame.

Its neckline was broken during the NY session yesterday.

I expect a bearish continuation to 1.735 / 1.725

For entries, consider an occasional retest of a broken neckline.

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