EURNZD (4H) DT ANALYSIS

#EUR/NZD#

🔹 Symbol: EUR/NZD
🔹 Current Price: 1.83706

Key Observations:

• Recent price action suggests a bearish trend as EUR/NZD approaches a critical resistance zone, indicating potential downside momentum.
  
• Indicators such as RSI and MACD on higher timeframes show signals of weakening bullish strength, aligning with a possible trend reversal.
  

• This level is strategically placed below the current support zone, suggesting further bearish continuation if breached.
  

• Positioned conservatively above the resistance level to manage risk effectively.
  

• Targeting a prior support level, aligning with anticipated bearish momentum for optimal profit.
  

• Monitor price action closely at the 1.8350 level. Any breakout above this level could invalidate the bearish outlook.
  
• Ensure strict adherence to the stop loss to mitigate potential losses.
  
• If price action accelerates towards 1.8271, prepare for potential volatility as key levels are tested.