EURNZD has been very bearish recently but price may find support around the 1.77-1.79 region, which also lines up with a key fib retracement level. We are also entering oversold territory so we could see some relief for the euro. However, with multiple bearish candle sticks on multiple time-frames it appears bears are not over yet. As per usual, we will be waiting for the rules of our strategy to be met so we will be keeping an eye in this key area to see if we can see any price action to indicate a rejection from this area.