I believe the EURNZD has made a shift against buyers. As it can be seen from the image above that the zone has been tested at least three times. Making the zone valid to buyers.
The pair has been in the range for four days making the lower high through trapping buyers. Additionally. The pair has not been showing the profits to the buyers.
Moreover, we have a correlation with NZDUSD pair where it looks like to make shift towards sellers. Thus, it makes the this pair to more likely to go short. Below image you can see the NZDUSD.