Technical analysis of EURNZD
EUR/GBP: confirmed 'Double Top' pattern
There's a 'Double Top' pattern, which has been confirmed, so the price moved lower. The 89 Moving Average is acting as support, but we've got a bearish 'Flag'. In this case, we're likely going to have a local upward correction towards 0.8648 - 0.8658 and the subsequent decline in the direction of the next support at 0.8616 - 0.8598.