EUR/NZD reversed from resistance area
- EUR/NZD reversed from resistance area
- Next sell target - 1.5200
EUR/NZD recently reversed down from the resistance area lying between the resistance level 1.5500 (which earlier reversed pervious waves (iv), (a) and 2, as can be seen below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the pervious sharp minor impulse wave 1 from the middle of July.
The downward reversal from the aforementioned resistance area started the active minor impulse wave 3. EUR/NZD is expected to fall down further to the next sell target at the support level 1.5200 (which reversed the (b)-wave of the pervious ABC correction 2).