Best Zones for Selling the EUR/NZD Pair (Medium-Term)

The EUR/NZD pair continues to move within a broad sideways range on both the daily and weekly timeframes, as shown on the chart.

The pair is approaching significant, strong supply zones—representing the upper boundary of the current sideways range—which are expected to push the price back down.

Expected Targets

Should the pair test these supply zones near the 2.0240 level—and provided that sell signals emerge on lower timeframes—a decline toward the 2.0140 and 2.0030 levels, respectively, is anticipated.

If the price breaks through these supply zones and closes above them with a bullish daily candle, this analysis will be invalidated, and the pair is expected to continue its upward movement toward the next target area, near the 2.0493 level.