FX.co ★ EURNZD M5: Bearish Symmetrical Triangle

According to the chart of M5, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.8545/1.8637 and upper border is 1.8708/1.8637. The pattern width is measured on the chart at -163 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURNZD breaches the lower border, the price could continue its move toward 1.8622.