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 1.8771/1.8817 and upper border is 1.8875/1.8817. The pattern width is measured on the chart at -104 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 1.8802.