The overall trend is downward. The currency pair is trading in the range of the upper limit of the descending price channel. Breaking through the support level of 1.7175 will result in the formation of a descending wave pattern within the wave C of an H2 descending pattern.
EURNZD rate online: monitor the price movement in real time.
Trading recommendations:
Sell when a descending wave pattern is formed below 1.7175.
Stop Loss: 1.7275.
Target levels: 1.7096; 1.7022.