Technical analysis of EURNZD
EUR/USD: 'Shooting Star' led to decline
The market has been declining since a 'Shooting Star' formed at the last high. Meanwhile, there's a bearish 'Doji', which has been confirmed. In this case, it's likely that the price is going to test the lower 'Window' (1.1327), which could act as support.
The upper 'Window' and the 34 Moving Average have acted as resistance, so we've got an 'Engulfing'. However, confirmation of this pattern is quite weak. Anyway, we should watch the lower 'Window' (1.1327) as the next bearish target.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
The key question about Brexit now is whether there will a deal between Britain and the European Union or the parties end up without a one.