EURNZD Wave Analysis – 25 November, 2021

• EURNZD broke resistance zone

• Likely to rise to resistance level 1.9500

EURNZD currency pair recently broke the resistance zone lying between the key resistance level 1.6345 (top of the previous corrective wave (iv)) and the 38.2% Fibonacci correction of the downward impulse from the start of October.

The breakout of this resistance area accelerated the active short-term ABC correction 2.

EURNZD currency pair can be expected to rise further toward the next resistance level 1.6500 (former monthly low from September).