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
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
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