EUR/NZD rising inside primary impulse wave ③

EUR/NZD rising inside primary impulse wave ③

  • EUR/NZD rising inside primary impulse wave ③
  • Next buy target - 1.6620

EUR/NZD continues to rise inside the primary impulse wave ③ which started earlier from the support area lying at the intersection of the pivotal support level 1.6190 (former powerful resistance from May), lower daily Bollinger Band, 50-day simple moving average and the 38.2% Fibonacci correction of the previous upward impulse from July. EUR/NZD is expected to rise to the next buy target at the next resistance level 1.6620 (which stopped previous impulse wave ①).

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