# EURNZD eyes the ceiling near 2.0160

> A trader watches EURNZD climb off support toward a falling trendline that has turned price away before.
- Title: EURNZD eyes the ceiling near 2.0160 · TradingView | Shortify
- Summary: A trader watches EURNZD climb off support toward a falling trendline that has turned price away before. The 2.0120-2.0160 zone is where this trade proves…
- Keywords: forex, eurnzd, technical analysis, trendline, support and resistance, business, finance, eyes, ceiling, near, 0160, TradingView
- Source: TradingView — https://tradingview.com/chart/EURNZD/CP7zKU8t-EURNZD-Price-Targeting-Major-Resistance
- Published: 2026-09-13T00:06:58+00:00
- Read time: 1 min
- Topics: forex, eurnzd, technical analysis, trendline, support and resistance, business, finance
## A falling ceiling on the chart
EURNZD keeps running into a descending resistance trendline. Price has been turned away from that line more than once already.

> EURNZD is showing a clear descending resistance trendline, with multiple previous rejections from this area.
## Support keeps holding
The 1.9550-1.9470 zone has caught price repeatedly. Buyers have shown up there often enough to make it the floor of this setup.

> price has repeatedly respected the major support zone
## The bounce is underway
Price is already moving up off that support area, which is why FXTradingAnalysis is positioned long rather than waiting for confirmation.

> is now moving higher from that area
## Target: 2.0120 to 2.0160
The call is for the rally to run into the descending trendline around 2.0120-2.0160. That band is the stated target for the move.

> Resistance/target: 2.0160-2.0120
## Watch what happens there
The trendline touch matters more than the trip to it. A break through opens new ground, another rejection sends price back toward 1.9550.

> This will be an important area to watch for the next reaction.
## A view, not advice
The author labels this a technical read on price structure, not a recommendation. TradingView posts carry no endorsement from the platform.

> This is my technical view, not financial advice.
## Key takeaway

The 2.0120-2.0160 zone is where this trade proves itself or gets rejected again, so watch the reaction rather than assume the break.