February 03, 2021 at 03:35PM

• EURNZD broke support level 1.6800

• Likely to fall to support level 1.6600

EURNZD recently broke the key support level 1.6800 (which reversed the price twice in January) – which accelerated the active short-term impulse wave 5.

The active impulse wave 5 belongs to the extended multi-month downward impulse sequence (3) from last August.

EURNZD currency pair can be expected to fall further toward the next support level 1.6600. Strong resistance now stands at the broken price level 1.6800.

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurnzd-wave-analysis-3-february-2021-20210203/
Selected by fonecable.com

Ktafx
euro
Search Web: EURNZD Wave Analysis 3 February, 2021

Recent Posts

euro

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

Chinese (Simplified) ZH-CN English EN French FR German DE Spanish ES