EUR/NZD reached sell target 1.5700

EUR/NZD reached sell target 1.5700

  • EUR/NZD reached sell target 1.5700
  • Next sell target - 1.5480

EUR/NZD continues to fall after the earlier breakout of the support level 1.5700 (previous sell target, which has been reversing the price from the start of May, as can be seen from the daily EUR/NZD chart below). The breakout of the support level 1.5700 should accelerate the active minor ABC correction 2 – which started earlier from the key resistance level 1.6200. EUR/NZD is expected to fall to the next sell target at the next support level 1.5480 (previous resistance level from March and the target price for the termination of the active correction 2).

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