Trade Plan for EURNZDEUR/NZDOANDA:EURNZDMichael_HardingQuick Technical Breakdown: Current price: ~1.9503 Price has been in a clear downtrend since the peak around 2.04–2.05 area. The blue descending trendline is acting as dynamic resistance. Recent sharp sell-off took it down to the low 1.94s, then a small bounce. There's a highlighted zone around 1.95–1.96 with a measured move / projection box pointing lower. The 1.99 SMA is well above price, confirming the bearish structure. My Take on the Setup: The pair looks bearish overall. The RBNZ’s recent hawkish tilt (higher rates for longer due to oil/inflation) is supporting the NZD, while Europe is dealing with its own energy/inflation headache. Potential Trade Plans for EUR/NZD: 1. Short Bias (Trend Following) Entry: Look to scale shorts around the 1.9600 handle (previous support now resistance) up toward 1.9650, or on failure at the blue descending trendline. Target 1: 1.9400 Target 2: 1.9265 Stop Loss: Above 1.9722 (recent swing high + buffer) Risk Note: Friday’s US Non-Farm Payrolls could cause a big USD move, which often spills over into EUR and NZD crosses. Keep position size small heading into that.