EURNZD: Potential Bearish Reversal

After an extended Bullish run, we might be seeing a Bearish reversal. The sign of weakness came in the form of a strong D1 Bearish closed which we haven't seen for a long time. Moreover, this D1 Bearish closed occurs at a strong resistance area which is more obvious in the weekly chart. Couple by the fact the EURGBP and AUDNZD is showing weakens, I believe that EURNZD should be heading south in the coming week. I will be looking for a reaction to the QML to go SHORT on this pair

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.