EURNZD currency pair recently reversed down with the daily Japanese candlesticks reversal pattern Dark Cloud Cover from the resistance zone located between the key resistance level 1.63000(which stopped the previous wave A in March, as can be seen below), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from February. Given the strongly bearish euro sentiment seen across the FX market today – EURNZD currency pair can be expected to fall further toward the next support level 1.60000.
