EURNZD Wave Analysis – 16 October, 2019
October 16, 2019 @ 16:44 +03:00
- EURNZD reversed from support area
- Likely to rise to 910.00
EURNZD today broke above the key multi-month resistance level 1.7560 (which has been reversing the price from the start of August).
The breakout of the resistance level 1.7560 continues the active short-term impulse wave C of the extended ABC wave from March.
EURNZD is expected to rise further and retest the next resistance level 1.7800 (target for the completion of the active impulse wave C).