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.
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