EURNZD dropping?

W1

Price is at Resistance zone. A potential Head and Shoulders can be seen, and a potential Butterfly can be spotted as well.
RSI at oversold. Divergence can be spotted for both RSI and MACD.



D1

RSI and MACD at oversold. Price action seems to want to go down with the last candle being somewhat of a
bearish pinbar.



Trend Bias is bearish.

If the price goes below 1.7700 then I expect price to fall further down.