Categories: Technical analysis

EURNZD Wave Analysis – 7 May 2025

EURNZD: ⬆️ Buy

– EURNZD reversed from support level 1.8845

– Likely to rise to resistance level 1.9200

EURNZD currency pair recently reversed from the support level 1.8845 intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from February.

The upward reversal from the support level 1.8845 stopped the C-wave of the active medium-term ABC correction (4) from the start of April.

Given the clear daily uptrend, EURNZD currency pair can be expected to rise to the next resistance level 1.9200.

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: EURNZD

Recent Posts

Geopolitics will destroy the euro

•    EURUSD falls due to geopolitics and expectations of tariff removal •    Gold returns to…

4 hours ago

Platinum Wave Analysis – 8 January 2026

Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…

17 hours ago

Baidu Wave Analysis – 8 January 2026

Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…

17 hours ago

EURUSD Wave Analysis – 8 January 2026

EURUSD: ⬇️ Sell - EURUSD broke daily up channel - Likely to fall to support…

18 hours ago

WTI crude oil Wave Analysis – 8 January 2026

WTI crude oil: ⬆️ Buy - WTI crude oil reversed from support zone - Likely…

19 hours ago

Do not underestimate dollar

Positive macro statistics for the US are helping the greenback. Gold could rise to $4,610…

1 day ago

This website uses cookies