EUR/NZD reached buy target 1.6620

EUR/NZD reached buy target 1.6620

  • EUR/NZD reached buy target 1.6620
  • Next buy target - 1.7000

EUR/NZD continues to advance after the earlier breakout of the key resistance level 1.6620 (which stopped the earlier previous upward impulse wave at the start of September and which was set as the buy target in our earlier forecast for this currency pair). The breakout of the resistance level 1.6620 should accelerate the active intermediate impulse wave (3) from the end of September. EUR/NZD is expected to rise to the next buy target at the next resistance level 1.7000.


EURUSD: bearish "High Wave"

We could have a local downward correction towards the nearest support. If a pullback from this area happens...


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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