EURNZD Wave Analysis – 4 February, 2022

• EURNZD broke key resistance level 1.7150

• Likely to rise to resistance level 1.7500

EURNZD currency pair continues to rise sharply after breaking the key resistance level 1.7150 (previous multi-month high from the middle of last August).

The breakout of the resistance level 1.7150 accelerated the active intermediate impulse wave (5).

EURNZD currency pair can be expected to rise further toward the next resistance level 1.7500 (target for the completion of the active impulse wave (5)).