EURNZD Wave Analysis – 16 October, 2019

• 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).