EURNZD: Structure Based Short

snapshot

EURNZD has reached a strong 4H resistance yesterday.

This morning we see a breakout of a bearish flag pattern with a lower high formation.
With two hourly candle closes below, the breakout is considered to be confirmed now.

I expect a drop.

Goals:
1.69
1.687

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Chart PatternsEUREURNZDeuroforecastForexnewzealanddollarNZDTechnical AnalysistradingTrend AnalysisWave Analysis

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