EURNZD rebounded from supply zone with strong bearish movement
Pair is forming Head and shoulders pattern
Price is based below HVN at 1.7025 which indicates that pair is in distribution phase
MACD shows bearish momentum
we r waiting price to exceed support level at 1.6990 to open short trade
It's expected to target demand zone at level 1.6785
Pair is forming Head and shoulders pattern
Price is based below HVN at 1.7025 which indicates that pair is in distribution phase
MACD shows bearish momentum
we r waiting price to exceed support level at 1.6990 to open short trade
It's expected to target demand zone at level 1.6785