Hello traders,
Sharing a technical view on EURNZD (H1) as the pair continues to show strong bearish pressure following the recent sharp sell-off.
If buyers push price into these areas and we see rejection signals, the bearish trend may continue.
Do you see a deeper retracement coming, or will price continue lower directly?
Sharing a technical view on EURNZD (H1) as the pair continues to show strong bearish pressure following the recent sharp sell-off.
Market Overview
- Price broke below multiple intraday support zones with strong momentum.
- A corrective pullback is expected after such a strong push down.
- The chart highlights two clean resistance zones where bearish continuation may resume.
Key Resistance Zones
- 2.0390 – 2.0430 → First retracement zone to watch
- 2.0530 – 2.0580 → Higher resistance aligning with previous structure
If buyers push price into these areas and we see rejection signals, the bearish trend may continue.
Primary Outlook
- Pullback → bearish continuation remains the high-probability scenario.
- MACD still supports the bearish bias with no strong reversal signs.
What’s your outlook on EURNZD?
Do you see a deeper retracement coming, or will price continue lower directly?
