$EURNZD at Key Resistance – Watch for Bearish Gartley to 1.81

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EURNZD

Technical Analysis:

The EURNZD pair is currently under pressure, with the daily resistance at 1.8237 being tested. The weekly fractal resistance remains just above at 1.8274. We also have a bearish Gartley pattern projected at 1.8488, at the 127% Fibonacci extension, just above the resistance zone. If the price reaches this level, the formation of the bearish Gartley pattern could lead to a retracement, pushing the pair back to the Fibonacci levels below 1.81.

Key Highlights:

• Daily resistance being tested at 1.8237.
  
• Weekly fractal resistance at 1.8274.
  
• Bearish Gartley pattern projected at 1.8488.
  
• If the price hits this level, the bearish Gartley pattern could lead to a retracement back to Fibonacci levels below 1.81.