EUR/NZD reversed from support area

EUR/NZD reversed from support area

  • EUR/NZD reversed from support area
  • Next buy target - 1.6800

 EUR/NZD recently reversed up from the support area lying between the lower daily Bollinger Band and the strong multi-month support level 1.6620 (which has been reversing the price from last November). The upward reversal from this support area started the active minor impulse wave (c) of the ABC correction B from the start of June. EUR/NZD is expected to rise further toward the next buy target at the next resistance level 1.6800 (top of the earlier wave (a)).

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