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francesgurton

EURNZD - Short

Short
Euro / New Zealand Dollar (FX:EURNZD)  
francesgurton  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators EURNZD Bearish Patterns Technical Analysis Chart patterns breakouttrading
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trendanalysis chartpattern indicator eurnzd bearish technicalanalysis chartpatterns breakouttrading
Possible short on EURNZD.

The bearish continuation pattern has broken and the 4H moving average has acted as nice resistance.

Price broke below support of the pattern, hoping for tome continued bearish momentum over the coming days.

ECB announcements et to be bearish for the EUR, along with Europe's slow covid recovery and vaccinations while New Zealand is currently booming and covid free - great for the economy.
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