The EUR/NZD pair has confirmed a bearish breakout, breaking below the key ascending channel support, signaling further downside momentum. This breakdown indicates that selling pressure is increasing, with potential downside targets aligning with key support zones.
🔹 Technical Breakdown:
✔️ Channel Breakout: The pair has decisively broken below the lower boundary of its rising channel.
✔️ Bearish Confirmation: A retest of the broken support as resistance would further validate the downward trend.
✔️ Next Key Levels: Traders are watching for support around [insert price levels] as potential downside targets.
🔻 Potential Scenarios:
TP1: 1.87000
TP2: 1.86500
If bearish momentum continues, the pair may test lower support zones.
A failed breakdown and reclaim of the channel could signal a reversal.
🔹 Technical Breakdown:
✔️ Channel Breakout: The pair has decisively broken below the lower boundary of its rising channel.
✔️ Bearish Confirmation: A retest of the broken support as resistance would further validate the downward trend.
✔️ Next Key Levels: Traders are watching for support around [insert price levels] as potential downside targets.
🔻 Potential Scenarios:
TP1: 1.87000
TP2: 1.86500
If bearish momentum continues, the pair may test lower support zones.
A failed breakdown and reclaim of the channel could signal a reversal.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.