EUR/NZD: the downtrend is still on

EUR/NZD: the downtrend is still on

Information is not investment advice

EUR/NZD has stalled ahead of the downtrend resistance line. The pair formed a “shooting star” candlestick on the daily chart. The main support is located in the 1.64 area, where the pair has met support twice during the latest month. As a result, it’s possible to expect a minor movement to the downside.    

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