• EURNZD reversed from resistance level 1.8200
• Likely to fall to 1.7870
EURNZD recently reversed down from the resistance level 1.8200 (which has been reversing the pair from April) – standing near the upper daily Bollinger Band.
The downward reversal from the resistance level 1.8200 started the active short-term corrective wave 4.
EURNZD is likely to fall further toward the next support level 1.7870 (target price for the completion of the active correction 4).
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