EURNZD has established a cup and handle pattern and has broken through its neckline on the 4-hour chart.
This breakout confirms a Change of Character (CHoCH) and indicates a potential bearish reversal in the near term.
The price is likely to decline, potentially reaching the support level at 1.7807.
This breakout confirms a Change of Character (CHoCH) and indicates a potential bearish reversal in the near term.
The price is likely to decline, potentially reaching the support level at 1.7807.
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