EURNZD | Descending Triangle in Focus — Hold or Break?EUR/NZDOANDA:EURNZDRayannsrFrom a broader perspective, EURNZD remains in a bearish market structure, continuing to trade inside the descending red triangle that currently defines the overall directional bias. Price is now approaching an important technical area where the upper boundary of the triangle aligns with a key green resistance zone. This confluence creates an interesting area to monitor for potential market reaction. From a trend-following perspective, this region may offer an opportunity to look for sell setups, provided price confirms rejection and sellers regain momentum. From here, two scenarios become relevant: → Bearish scenario: If price respects the current resistance and rejects from the upper boundary of the descending triangle, we may see continuation in line with the broader bearish structure. → Bullish scenario: If price manages to break above resistance with convincing momentum and sustain acceptance above the triangle structure, this may weaken the bearish thesis and increase the probability of a broader corrective move higher. At this stage, the focus remains on letting price confirm direction rather than anticipating the breakout. For now, the key question is: Will resistance maintain control and extend the bearish move, or is the market preparing to challenge the current structure? This is a scenario-based analysis — not a prediction. Disclaimer: This analysis is shared for educational purposes only. It reflects personal market observations and does not constitute financial advice or a trading recommendation. Rayan Nasser #EURNZD #EUR #NZD #Forex #TechnicalAnalysis #PriceAction #TrendFollowing #Trading #RiskManagement