EURNZD: Classic Range Trading 🇪🇺🇳🇿

Short

Euro / New Zealand Dollar (OANDA:EURNZD)

OANDA:EURNZD Euro / New Zealand Dollar

Parallel Channel Cup And Handle Support and Resistance EURNZD priceaction priceactiontrading priceactionanalysis trading Forex tradingsignals

parallelchannel cupandhandle supportandresistance eurnzd priceaction priceactiontrading priceactionanalysis trading forex tradingsignals

snapshot

EURNZD is trading within a wide intraday horizontal range.

After the test of the upper boundary of the range, the price formed
a cup & handle pattern formation.

A breakout of its neckline is a strong bearish signal.

We can anticipate a retracement to 1.7513 level now.

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