EURNZD, in a downtrend.
Price is currently at an 8H support and resistance zone. We could either see price pullback and hit this trend line or red resistance zone again before continuing to sell. Or price could breakout of the gray support and resistance zone and possibly retest it before continuing to sell. Or this could actually be the start of an uptrend. However, I would need to see price create a higher low and higher high before looking for buys for higher confirmation.
Note: The market has closed on a doji candle for the week. Monitor on a lower time frame to see what price does next week.
Note: The market has closed on a doji candle for the week. Monitor on a lower time frame to see what price does next week.
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