EURNZD recently reversed up from the support area lying between the support level 1.7845 (which stopped the previous wave A with the Bullish Engulfing) and the lower daily Bollinger Band.
The upward reversal from this support area started the active short-term corrective wave B.
EURNZD is expected to rise further toward the next resistance level 1.8480 (intersecting with the 61.8% Fibonacci retracement of the previous downward correction from March).
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