EURNZD: ⬆️ Buy
– EURNZD reversed from powerful support zone
– Likely to rise to resistance level 1.9700
EURNZD currency pair recently reversed from the powerful support zone between the long-term support level 1.9540 (which has been reversing the price from February) the lower daily Bollinger Band.
The upward reversal from this support zone is likely to form the daily Japanese candlesticks reversal pattern Hammer if the price closes today near the current levels.
Given the strength of the nearby the long-term support level 1.9540. EURNZD currency pair can be expected to rise further to the next resistance level 1.9700.
SOURCE LINK : EURNZD Wave Analysis – ActionForex
