EURNZD Continue Dropping? Long Term Target At 1.5920

EURNZD is in downtrend, in past weeks it dropped a lot, it also broke important trendline on W.
Now is coming back to previous support, which lines up with trendline. I am watching yellow zones for reversal. I want to see break of trendline on h4 and retest to go short. SL will be small, around 40 pips.
My longterm is 1.5920, but before that I am seeing 1.6520 as TP1.