EURNZD ANALYSIS- BREAK AND RETEST

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Hello traders!

Here are my thoughts on EUR/NZD.

Starting from the weekly timeframe, we can see that we are in strong bearish phase. You can take a look on the picture below.

On the daily you can see that price broke weekly support line. What I will do is wait for a re-test of previous support line now turned resistance.

📈📉Trends:
⏳ Weekly- Bearish
⌛️ Daily- Bearish

🎯Confluence:




🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level

Trade will be taken only if all conditions were met.

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Have a wonderful and profitable day! ❤️

- ProfitalzTrading