News for the day that could affect this trade:
.(NZD) RBNZ Gov. Wheeler Speech
With new monthly pivot in play, EURNZD had a strong reversal from daily resistance and MM3 level - bears sell zone for the month. MM3 is also in confluence with WM4 - bulls profit taking zone for the week. I'd go into smaller TF and look for buying opportunities.
Price reverse strongly from WM4. Currently, price is trading at hourly support level. If you didn't manage to catch it from the top, wait for price to break below support and retest to go short again with profit level at MM1 for monthly swing trade target.