EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD broke resistance zone
2019-11-11 • Updated
- EUR/NZD broke resistance zone
- Next buy target - 1.7250
EUR/NZD recently broke through the resistance zone lying between the resistance level 1.6960 and the 61.8% Fibonacci correction of the previous intermediate ABC correction (2) from the middle of May. The breakout of this resistance zone accelerated the active intermediate impulse wave (3). EUR/NZD is expected to rise further toward the next buy target at the next resistance level 1.7250 (top of the previous impulse wave (1)).
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