- EURNZD reversed from support area
- Likely to rise to resistance level 2.0430
EURNZD currency pair recently reversed from the support area between the key support level 2.0000, support trendline of the daily up channel from June and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous short-term ABC correction 2.
Given the predominant daily uptrend, EURNZD currency pair can be expected to rise to the next resistance level 2.0430, which stopped the previous minor impulse wave 1 in the middle of October.
- Likely to rise to resistance level 2.0430
EURNZD currency pair recently reversed from the support area between the key support level 2.0000, support trendline of the daily up channel from June and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous short-term ABC correction 2.
Given the predominant daily uptrend, EURNZD currency pair can be expected to rise to the next resistance level 2.0430, which stopped the previous minor impulse wave 1 in the middle of October.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.