EUR-NZD weekly technical analysis

The Euro New Zealand pair is trading in a falling channel on the D1 Daily chart, as shown on the above chart. Price bounced from 1.7970 resistance level downwards.

We expect the decline to continue and advise traders to enter short positions only inside the channel, reaching the level of 1.7440, which is the purchase level with this analysis

General trend: bearish


Update: 3/6/2020