EURNZD: Bearish Momentum Continues To Dominate The Pair

[TradingPuzzles]

The EURNZD pair continues to show bearish characteristics, with price action respecting a well-defined resistance zone and forming successive bearish patterns.

The current consolidation phases are typical before sustained moves.

Momentum favors sellers, and the structure suggests that further declines are likely if key support levels are broken.

Key targets: 1.96200 and 1.9540

You may find more details in the chart!
Thank you !

[Nahid10]

EURNZD is clearly respecting resistance — momentum looks bearish and sellers are still in control.

[TradingPuzzles]

@Nahid10 With the EURO new problems, it can drop further. The French debt is reaching historical levels never seen befor