EURNZD: SELL OPPORTUNITY

٣٠ مارس ٢٠٢٣

EURNZD currency pair just hit the mid term resistance zone, after a medium term rally from the harmonic reversal pattern yesterday. An internal bullish bat was also responsible for the upward pressure from 1.73427 to 1.7451 region on H1 TF. Moreover, EURNZD is also at the resistance zone of the bullish channel, and a drop is iminent.

As such, I'm anticipating a drop from this zone to the 1.73660 as both my short and medium term targets.