EURNZD is going to retest the major support after 13 months and this made -500 Points

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.

eurnzd bouncing up after hitting the lower low zone in 4hr chart

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.

eurnzd reached 500 points SL

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