GBP/NZD reversed from resistance zone Next sell target - 1…
EUR/NZD broke resistance level 1.7110
- EUR/NZD broke resistance level 1.7110
- Next buy target - 1.7400
EUR/NZD recently broke the powerful resistance level 1.7110 (which has been steadily reversing this currency pair from the start of February, as can be seen below). The breakout of the resistance level 1.7110 should accelerate the active intermediate impulse wave (3) from the middle of April (which started form the 200-day moving average). EUR/NZD is expected rise toward the next buy target at next resistance level 1.7400.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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