<![CDATA[EURNZD could fall from 2.0300 for a larger correction]]>EURNZD could fall from 2.0300 for a larger correction

On Friday, EURNZD rose sharply after Trump’s comments to increase tariffs on China. EURNZD retested a strong area located near 2.0300.

I think EURNZD could fall from this area, but again it is a big and complex development overall.

19c2fea9-5bc8-4204-a9a7-8212b90b057a-image.png

From a technical perspective, I expect EURNZD to create a larger correction so that it can fall back from the top as shown in the chart.

Support targets:
2.0180
2.0130
2.0070

Perhaps the issues with the French Prime Minister could dampen this or any response from China given that this upward movement was related to China.

You may find more details in the chart!
Thank you and Good Luck!

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