The New Zealand euro pair rose slightly during today's trading on Thursday, as today we have the economic forecasts of the European Union from the eurozone, and then the speech of the governor of the Bundesbank Nagel.

From New Zealand we are waiting tomorrow morning for the producer price index at the quarterly level.

Technically :-

the Euro News pair is trying to complete the shark Harmonic Pattern, which targets the levels of 1.7550 / 70 during the coming period, and before it the support levels of 1.7700.

The pair is now trading inside a bearish price channel, which is expected to reach its upper limit near the levels of 1.7850 / 40, from which we can start selling the pair for the indicated targets.

This scenario fails if the 1.7930 levels are breached.