EURNZD: Support Zone and Possible Price Reversal

The price reached a support zone formed by the uptrend line and 1.68000 support level. The price action in this zone will provide us good trade opportunities based on the daily and lower timeframes.

As the market dropped a lot, a price reversal from the support zone looks more logical that a breakout and the further downward movement to 1.65250 support.

RSI dropped below 30, and it confirms that the market is oversold. If so, I want to focus on buying using confirmed reversal signals.