On the EUR/NZD hourly chart, bearish engulfing pattern appeared. The whole situation is taking place below the resistance zone, which was already tested for several times as both as support resistance. An earlier attack on the resistance ended with pin bar candle – after a few hours we saw another attack that ended with before mentioned bearish engulfing pattern. If the trend line routed on 3 last lows will be overtaken, you can play on declines.

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