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  • Vasily Trader

EURNZD: Bearish Outlook (forecast)



🔻EURNZD is trading in a strong bearish trend .


After a steady recovery from 1.63 level, the price is facing a strong horizontal daily/4h resistance cluster.

Bearish engulfing candle confirms the strength of the underlined level.


I expect a bearish move.


Goals:

1.6485

1.636

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