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EURNZD Developing in a Large Range Trading Movement -Update

EURNZD Developing in a Large Range Trading Movement -Update

EURNZD is currently developing a significant range trading movement. The price has been oscillating between 1.7500 and 1.8500 for about 600 days, with a trading range of nearly 1000 pips, which is quite substantial.

EURNZD has reached the top of the structure again, and it appears that the bearish trend may resume, as it has in the past. The price may not move immediately, but it is already in a critical zone.

Support zones on the way down are located near 1.8250, 1.8090, 1.7830, and 1.7500.

✅Our previous analysis remains valid. The price has reacted and is now down nearly 100 pips. While it needs to develop further, and this process may take some time, the initial price reaction appears promising.

You may find more details in the chart!
Thank you and Good Luck!

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