EURNZD Chart Technical Outlook

EURNZD Chart Technical Outlook buyers focus on 1.8353, the 88.6% pullback
The medium-term outlook for the cross looks bleak with the weekly chart highlighting the completion of a Bat formation at 1.5925. We are currently assessed to be within the BC leg. A common retracement level is the 88.6% pullback. This is located at 1.8353.
A breach of the previous swing low at 1.8054, will confirm a double top formation. This would indicate that the move lower is already underway.

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