EURNZD currency pair under the bearish pressure after reversing down from the resistance zone lying between the resistance level 1.70350 (which has been reversing the price from January), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from August. Given the bullish NZD sentiment seen across the FX markets today EURNZD currency pair can be expected to fall further toward the next support level 1.69000 (low of the daily Bullish Engulfing from the start of June).
