Breach of support could mean a start of a bearish trend on EUR/NZD

Possibility of big movement expected on EUR/NZD
This trade steup on EUR/NZD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 1.7767.

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