FBS - Analytics

FBS

550.50 6.50/10
88% of positive reviews
Real

EUR/NZD reached sell target 1.5450

EUR/NZD reached sell target 1.5450
Next sell target - 1.5200

EUR/NZD has been falling in the last few trading sessions inside the minor impulse wave 3, which is a part of the intermediate impulse wave (3) from the start of May. The price reversed down previously from the resistance zone surrounding the lower trendline of the recently broken daily down channel from the middle of January (acting as resistance now after it was broken).

The price is currently trading close to the support level 1.5450 (previous sell target set in our earlier forecast for this pair). If the price breaks below 1.5450 - EUR/NZD can then fall further to the next sell target at the support level 1.5200 (forecast price for the completion of impulse wave 3).

 



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree