Best Selling Zones for the EUR/NZD Pair

The pair broke the upward trend and established new selling zones, considered among the most important current selling areas, after rebounding from the daily selling zones. This strongly indicates that sellers are currently in control.

The pair is currently attempting a correction after the previous sharp decline and may aim to retest these new selling zones.

Expected Selling Zones

Currently, we have several selling zones for the EUR/NZD pair.

The first zone is the area formed after the upward trend break. This zone is located near the 2.0235 level. If this level is tested, a decline to targets at 2.0150 and 2.0020 is expected.

The second zone is located at the 2.0390 level. A rise to this zone is expected if the first selling zone is breached. This is considered one of the most important selling zones for the pair at present. If the price falls, the same targets are also expected to be reached. Generally,

 any upward movement in the pair during the current period is considered a good opportunity to consider selling, unless the specified selling zones are broken and the trend changes.