EURNZD Faces Resistance Within Defined Range – Bearish Setup in Play?
EURNZD appears to be forming a range-bound trading structure, with key levels defined between 1.9050 and 1.9230.
Yesterday, price action tested the upper boundary at 1.9230, where it encountered strong resistance.
If the pair fails to break above this level and sustains trading below it, bearish momentum could build throughout the day.
While the setup carries some risk due to the range environment, it offers potential for downside movement.
Intraday targets: 1.9150; 1.9100 ; 1.9050
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURNZD appears to be forming a range-bound trading structure, with key levels defined between 1.9050 and 1.9230.
Yesterday, price action tested the upper boundary at 1.9230, where it encountered strong resistance.
If the pair fails to break above this level and sustains trading below it, bearish momentum could build throughout the day.
While the setup carries some risk due to the range environment, it offers potential for downside movement.
Intraday targets: 1.9150; 1.9100 ; 1.9050
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.