EUR/NZD rising inside minor impulse wave (iii)

EUR/NZD rising inside minor impulse wave (iii)

  •  EUR/NZD rising inside minor impulse wave (iii)
  • Next buy target - 1.7480

 

EUR/NZD continues to rise inside the minor impulse wave (iii), which started recently from the support zone lying between the pivotal support level 1.7200 (former resistance from July), 50-day moving average and 61.8% Fibonacci correction of the previous sharp upward impulse from July. EUR/NZD is expected to rise further toward the next buy target at the next resistance level 1.7480 (top of the previous impulse wave (i)).

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