Nataly Kambur
⬤ EUR/NZD keeps trading within a bearish pattern after getting rejected again near key resistance levels. Updated London charts show the pair still leaning toward more downside after failing to push past 1.9855.
⬤ The chart shows a corrective bounce happening inside a bigger declining move that started from January 2025's peak. The expected path suggests the pair is still stuck in the same downward cycle that connects back to November 2025's high. The recent climb up looks limited and doesn't change the bearish picture as long as resistance holds firm.
⬤ Current forecasts point toward the 1.9412 zone or possibly even lower if selling keeps building. The bearish view stays in play as long as price remains under 1.9855.
⬤ This creates a straightforward technical line in the sand for where the market might head next. If price keeps getting pushed back below resistance, the decline should continue. But if it breaks above 1.9855, the bearish setup weakens and signals a potential shift in direction.
Nataly Kambur
