0 0

October 09, 2020 at 09:17AM

• EURNZD reversed from resistance area

• Likely to fall to 1.7700

EURNZD recently reversed down from the resistance area located between the key resistance level 1.7880 (top of the previous wave A), upper daily Bollinger Band and the 61.8% Fibonacci retracement of the earlier downward impulse from August.

The downward reversal from this resistance area created the daily reversal pattern Shooting Star Doji – which marked the start of the active impulse wave (3).

EURNZD is likely to fall further toward the next support level 1.7700 – the breakout of which will open the way for further losses toward 1.7600 (low of wave B).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurnzd-wave-analysis-9-october-2020-20201009/
Selected by fonecable.com

euro
Search Web: EURNZD Wave Analysis 9 October, 2020

Recent Posts

euro

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *