EUR/NZD broke powerful resistance level 1.6690

EUR/NZD broke powerful resistance level 1.6690

2019-11-11 • Updated

  • EUR/NZD broke powerful resistance level 1.6690
  • Next buy target - 1.7000

EUR/NZD today broke sharply above the powerful resistance level 1.6690 (which stopped the previous impulse waves 1 and 3, as can be seen from the daily EUR/NZD chart below). The breakout of the resistance level 1.6690 accelerated the active minor impulse wave 5 – which belongs to the intermediate impulse wave (C) from June. EUR/NZD is expected to rise to the next buy target at the next resistance level 1.7000 (forecast price for the termination of the active wave (C)).

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