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EURNZD: Bearish Move from Key Level (forecast)



🔻EURNZD is still trading within a strong daily resistance cluster.

The price was rejected multiple times on a daily after the level was reached.


On 4H the price has broken a bearish flag pattern.

The breakout is considered to be confirmed and the price has set a nice lower high before the breakout.


Now broken support line of a flag serves as a local supply point.

From that bearish move is expected.


Short term goals:

1.713

1.705

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