EUR/NZD broke through the support area

EUR/NZD broke through the support area

  • EUR/NZD broke through the support area
  • Next sell target - 1.6920

EUR/NZD recently broke through the support area lying at the intersection of the support level 1.7160 (which has been reversing the price from the middle of November, as can be seen below) and the 38.2% Fibonacci correction of the previous sharp upward impulse wave (i) from last month. EUR/NZD is expected to fall to the next sell target at the next support level 1.6920 (target price for the completion of the active correction (i)).

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