EURNZD Wave Analysis – 06 April, 2020
April 06, 2020 @ 17:46 +03:00
- EURNZD broke support area
- Likely to fall to 1.8000
EURNZD recently broke the support area located between the support level 1.8200 (low of the pervious short-term correction (a)) and the 50% Fibonacci retracement of the pervious upward impulse from February.
The breakout of this support area accelerated active short-term impulse wave (c) of the ABC correction 2 from March.
EURNZD is likely to fall further toward the next round support level 1.8000 (61.8% Fibonacci retracement of the pervious the aforementioned impulse wave from February).