FX.co ★ EURNZD M15: Bearish Symmetrical Triangle

According to the chart of M15, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.7845/1.7860 and upper border is 1.7878/1.7860. The pattern width is measured on the chart at -33 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 1.7838.