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November 19, 2020 at 03:57PM
• EURNZD reversed from key support level 1.7090
• Likely to rise to 1.7400
EURNZD today reversed up from the key support level 1.7090 (which stopped the previous sharp impulse wave 1 earlier this month) – standing near the lower daily Bollinger Band.
The upward reversal from the support level 1.7090 stopped the previous different-size impulse waves 3 and (3).
With the daily Stochastic still in the oversold territory – EURNZD is likely to rise further toward the next resistance level 1.7400 (which reversed the previous correction 2).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurnzd-wave-analysis-19-november-2020-20201119/
Selected by fonecable.com
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