EURNZD Trading Pattern

EUR/NZD currency pair with key support levels in mind. Based on your inputs, here’s a breakdown of the trade scenario:

Entry: 1.84500 (this is the level where you're considering entering the bearish position).

First Support: 1.82300 (the initial support level; if the price drops to this level, it could bounce back Second Support: 1.80900 (further support if the price continues to decline Third Support: 1.79300 (a deeper support level to monitor for any price reversal or continuation).


For a bearish trade, you’ll likely be looking for opportunities where the price starts to trend downward, and you'd want to monitor for breakdowns of each support level Risk Management: Set stop-loss orders slightly above your entry point, depending on your risk tolerance.

You can see more details in the chart Piz Support with like and Comments