{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-nzd-bearish-reversal-needs-confirmation\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-nzd-bearish-reversal-needs-confirmation\/","headline":"EUR\/NZD Bearish Reversal Needs Confirmation!","name":"EUR\/NZD Bearish Reversal Needs Confirmation!","description":"EUR\/NZD rebounded in the last hours and it continues to stay in the buyer\u2019s territory. It\u2019s traded at the 1.6763 level after failing to approach and reach the former lows. The price action has developed a double top reversal pattern on the H4 chart. Validating this formation could indicate more declines and could bring us […]","datePublished":"2021-04-21","dateModified":"2021-04-21","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/eurnzd.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/eurnzd.png","height":898,"width":1828},"url":"https:\/\/forexschoolonline.com\/eur-nzd-bearish-reversal-needs-confirmation\/","about":["Trade Idea","Trade Setups"],"wordCount":170,"keywords":["EUR\/NZD","eurnzd","Technical Analysis","Trade idea","Trade Setup"],"articleBody":"EUR\/NZD rebounded in the last hours and it continues to stay in the buyer\u2019s territory. It\u2019s traded at the 1.6763 level after failing to approach and reach the former lows.The price action has developed a double top reversal pattern on the H4 chart. Validating this formation could indicate more declines and could bring us a short signal.Technical Analysis!As you can see on the H4 chart, the price is located near the uptrend line. A valid breakdown through it and a new lower low could bring a selling opportunity.Technically, EUR\/NZD could come back to retest the weekly pivot (1.6809) before deciding on a new direction. Staying above the uptrend line may signal a new upside momentum.Dropping below the descending pitchfork\u2019s median line (ml) and under 1.6667 former low could attract more sellers. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}