GBP/NZD reversed from resistance zone Next sell target - 1…
EUR/NZD reversed from resistance zone
- EUR/NZD reversed from resistance zone
- Next sell target - 1.6750
EUR/NZD recently reversed down from the resistance zone lying between the key resistance level 1.710 (which has been steadily reversing the price from the middle of December, as can be seen from the daily EUR/NZD chart below) and the upper daily Bollinger Band. The downward reversal from this resistance zone started the active minor correction 2. EUR/NZD is likely to fall toward the next sell target at the next support level 1.6750 (low of the wave (2)).
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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