EUR/NZD Forecast: Short Position Setup

📉 **EUR/NZD Forecast: Short Position Setup** 🔹

EUR/NZD is currently trading at **1.79561**, with a potential move within a range targeting **1.76111** as a key downside objective. Tracking these levels closely could reveal strong indications for market direction.

🔍 **Key Levels to Watch:**
- **Immediate Resistance:** 1.79849
- **Support Zone:** 1.79029
- **Target Range:** 1.79846 to 1.76111

📊 **Forecast Details:**
If the price reaches and holds below **1.79849**, this could confirm a continuation of the downward trend. Breaking through **1.79029** as support strengthens this setup, paving the way toward our primary target of **1.76111**.

💡 **Market Insight:** The bearish outlook suggests watching for potential pullbacks near resistance before the price resumes its trend downward.

👉 Do you agree with this EUR/NZD setup? Share your thoughts below!

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