EURNZD - Daily Outlook for Dec 2020 - Update 2

This is an update to Daily outlook on EURNZD.

- Dec 10 Daily candle bearish close below Dec 4 bullish candle confirms bearish momentum continuation after retracement from Dec 1.

- A retest of 1.698x zone is viable to complete triangle of love formation and continuation of the bearish trend

- A break and support creation above 1.7340 level (Resistance Zone) will confirm bearish trend weakness and possibility of reversal higher to Resistance zones.

Notes for Next week:

Monthly Close : Bearish
Weekly Close : Bearish
Daily Close : Bullish
4H : Bearish momentum
1H : Ranging

Previous daily outlook : EURNZD