Post #4441

🇪🇺🇳🇿EUR/NZD | DAILY (D1) MARKET SCENARIO 📊TECHNICAL CONTEXT Price has completed a sustained bullish phase within a clearly defined ascending channel. Recent price action shows a loss of upside momentum near the channel’s upper boundary, followed by a structural breakdown and a corrective pullback. This behavior signals potential trend exhaustion and opens the path for a deeper retracement toward the higher-timeframe demand zone below. 📰FUNDAMENTAL PERSPECTIVE From a macro standpoint, shifting risk sentiment, relative growth expectations, and interest rate outlook differentials between the Eurozone and New Zealand remain key drivers. Current pricing reflects stretched bullish positioning, increasing sensitivity to any re-pricing or risk-off flows that could favor downside continuation. 📊SCENARIO OUTLOOK As long as price remains below the broken channel and fails to reclaim previous highs, the downside scenario toward the daily demand region remains valid. Any strong bullish acceptance above resistance would invalidate this view and require reassessment.