EURNZD Wave Analysis – 26 August, 2020
August 26, 2020 @ 17:48 +03:00
• 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).