Technical analysis of EURNZD
EUR/NZD reversed from resistance zone
- EUR/NZD reversed from resistance zone
- Next sell target - 1.7000.
EUR/NZD recently reversed down from the resistance area located between the major resistance level 1.7330 (which stopped the sharp uptrend at the end of 2017, as can be seen below) and the upper weekly Bollinger Band. The previous reversal from this resistance area created the weekly Japanese candlesticks reversal pattern Shooting Star. EUR/NZD is expected to fall further toward the next sell target at the next round support level 1.7000.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
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