Categories: Technical analysis

EURNZD Wave Analysis – 3 June, 2021

• EURNZD rising inside minor impulse wave 3

• Likely to rise to resistance level 1.7030

EURNZD currency pair continues to rise inside the minor impulse wave 3, which started earlier from the support level 1.6670, which has been reversing the pair from the start of April – strengthened by the lower daily Bollinger Band.

The active impulse wave 3 bellows to the intermediate impulse sequence (C) from the start of May.

EURNZD currency pair can then be expected to rise further toward the next resistance level 1.7030 (which has been reversing the pair from January).

AddThis Website Tools
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

S&P 500 Wave Analysis – 1 April 2025

S&P 500: ⬆️ Buy - S&P 500 reversed from support area - Likely to rise…

3 hours ago

GBPAUD Wave Analysis – 1 April 2025

GBPAUD: ⬇️ Sell - GBPAUD reversed from long-term resistance level 2.0820 - Likely to fall…

3 hours ago

Crypto’s Attempt to Stabilise

The cryptocurrency market has experienced some volatility, with a 1.1% rise in 24 hours and…

15 hours ago

NIO Wave Analysis – 31 March 2025

NIO: ⬆️ Buy - NIO reversed from support zone - Likely to rise to resistance…

1 day ago

Nvidia Wave Analysis – 31 March 2025

Nvidia: ⬆️ Buy - Nvidia reversed from key support level 105.00 - Likely to rise…

1 day ago

Markets rattled on consumer sentiment

Consumer sentiment index from the University of Michigan shows alarming information for stock indices, with…

1 day ago