EURNZD: Local Bearish Reversal!

I observed a significant bearish reaction at a key intraday horizontal resistance level on the EURNZD chart.

After testing the highlighted blue resistance zone, the price started to consolidate, forming a horizontal range on the 4-hour time frame.

The support level was breached, showing a strong selling pressure, and the pair is currently retesting that level. We expect further bearish movement, potentially down to 1.78384
Candlestick AnalysisChart PatternsSupport and Resistance

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