EURNZD Analysis:
EURNZD came to the major support zone after a long time of 13 months.
Now, EURNZD is trying to retest the support again after touching it on the previous week.
Let’s wait for the confirmation of bounce back or breakout at this major support.
In the 4-hour timeframe chart, EURNZD is moving in a descending channel by forming lower highs and lower lows.
After the confirmation of this bounce back from the lower low zone, EURNZD Buy signal is given.
But EURNZD has fallen down to retest the support zone again which leads to the stop-loss price.
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