Categories: Technical analysis

EURNZD Wave Analysis 25 January, 2021

• EURNZD approaching key support level 1.6810

• Likely to rise to resistance level 1.6960

EURNZD is currently approaching the key support level 1.68100 (which stopped the previous wave B at the start of January as can be seen below).

The pair is currently moving inside the minor impulse wave (i) – which started earlier from the aforementioned support level 1.68100.

EURNZD is expected to reach the support level 1.6810 and then reverse up toward the next resistance level 1.6960.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: EURNZD

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