EUR/NZD Bearish Scenario by ThinkingAntsOk

4H CHART EXPLANATION:

🔸 Price has reached the top of the Ascending Channel , and was rejected there.
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🔸 We consider it has bearish potential.
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🔸 The target of the downside move is the Support Zone .
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🔸 We are waiting for the Ascending Trendline to be broken first.
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🔸 In case the Support Zone is broken, then the target zone would be the Ascending Trendline of the Channel.

DAILY CHART ANALYSIS: