GBP/NZD reversed from resistance zone Next sell target - 1…
EUR/NZD reversed from key support level 1.7160
- EUR/NZD reversed from key support level 1.7160
- Next buy target - 1.7400
EUR/NZD today reversed up from the key support level 1.7160 (former strong resistance level from October – acting as support after it was broken previously). The upward reversal from the support level 1.7160 continues the active minor impulse wave 3 – which belongs to the intermediate upward impulse wave (3) from June. EUR/NZD is expected to rise toward the next buy target at the next resistance level 1.7400 (top of the previous impulse wave (i)).
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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