EUR/NZD reversed from support zone

EUR/NZD reversed from support zone

  • EUR/NZD reversed from support zone
  • Next buy target - 1.7360

 EUR/NZD recently reversed up from the support zone lying between the support level 1.7140 and the 38.2% Fibonacci correction of the previous upward impulse from the middle of June. The upward reversal from this support zone started the active minor impulse wave 3. EUR/NZD is expected to rise further toward the next buy target at the next resistance level 1.7360 (top of wave 1).

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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