kvmev / EURNZD outlookEuro/New Zealand DollarFX:EURNZDkvmevPrice ended off last week closing above its recent consolidation. May simply be a push towards the descending trendline for a retest before continuing down. Clear head and shoulders pattern on the daily time frame, also recently printed a bearish engulfing candlestick which is why I am anticipating the selling pressure to further continue. Medium risk trade, could possibly turn bullish. Will only enter if price is able to strongly reject the trendline and confirmation is clear. ___ Disclaimer: The content shared is for educational and informational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor. Any actions you take based on this content are done at your own risk. Past performance is not indicative of future results.