Analysis of the EUR/NZD pair and a selling opportunity awaits.

The EUR/NZD pair reached strong supply areas for the daily frame The pair also reached overlapping supply areas for the 4-hour frame.

A negative divergence has been formed as clear on the MACD indicator This is a negative sign for the pair indicating an expected upcoming decline.

Currently, the pair is expected to decline strongly in the event of breaking the uptrend and closing below it as shown on the chart.

The expectation is a decline to the following demand areas below.

The analysis fails in the event of a return to the rise and penetration of the supply areas.