- EURNZD reversed from the resistance area
- Likely to fall to support level 1.9400
EURNZD currency pair recently reversed down from the resistance area between the major long-term resistance level 1.9655 (which has been reversing the price from the start of 2020) and the upper weekly Bollinger Band.
The downward reversal from this resistance area stopped the previous medium-term impulse wave (5).
Given the strength of the resistance level 1.9655, EURNZD currency pair can be expected to fall to the next support level 1.9400.
By the FxPro Analyst Team
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Penafian
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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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.