EURNZD Wave Analysis – 14 February 2025

– EURNZD reversed from long-term resistance level 1.8495

– Likely to fall to support level 1.8200

EURNZD currency pair recently reversed down from the major long-term resistance level 1.8495, which has been reversing the price from the middle of 2023, as can be seen below.

If the pair closes today near the current levels it will form the weekly Japanese candlesticks reversal pattern Shooting Star – a strong sell signal for this currency pair.

Given the strength of the resistance level 1.8495 and the bearish euro sentiment seen today, EURNZD currency pair can be expected to fall to the next support level 1.8200.