The EURNZD currency pair continues to exhibit a bearish trend, consistently closing below the 1.8100 resistance level. The 1.7985 level has emerged as an additional barrier, hindering further negative momentum.
To maintain the bearish outlook in the near term, it is crucial for the EURNZD to gather sufficient negative momentum. A successful move towards the 1.7850 level is expected, with subsequent attempts to press down on the 1.7790 support line, paving the way for additional bearish targets in the upcoming period.
Today’s anticipated trading range is set between 1.7850 and 1.7975.
Trend Forecast: Bearish
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