0
0
August 19, 2020 at 03:40PM
• EURNZD reversed from resistance level 1.8200
• Likely to fall to 1.7900
EURNZD recently reversed down from the multi-month resistance level 1.8200 (which formed the monthly double top in May).
The resistance area near the resistance level 1.8200 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the downward impulse from the middle of March.
EURNZD is likely to fall further toward the next support level 1.7900 (former top of the sharp upward impulse wave (i) from the start of August).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurnzd-wave-analysis-19-august-2020-20200819/
Selected by fonecable.com
Search Web: EURNZD Wave Analysis – 19 August, 2020
Recent Posts
- S&P 500 Risking a Pullback in the Week Ahead
- Moving Average (MA) Explained for Traders
- NEWS: ECB extends leverage ratio relief for banks until March 2022 June 18, 2021 at 12:07PM
- NEWS: Dollar gains looking more tentative for today, at least for now June 18, 2021 at 12:04PM
- NEWS: EU officially lifts travel restrictions for US residents June 18, 2021 at 10:35AM
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating