Tuesday, 02 January 2024 12:17 GMT

EURNZD Wave Analysis 7 May 2025


(MENAFN- FxPro)

EURNZD: ⬆️ Buy

– EURNZD reversed from support level 1.8845

– Likely to rise to resistance level 1.9200

EURNZD currency pair recently reversed from the support level 1.8845 intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from February.

The upward reversal from the support level 1.8845 stopped the C-wave of the active medium-term ABC correction (4) from the start of April.

-p src=/wp-content/themes/fxpro_news_2025/assets/images/etf/820x312_ETF_2_uk_75_eng.png>

Given the clear daily uptrend, EURNZD currency pair can be expected to rise to the next resistance level 1.9200.

MENAFN07052025000156011031ID1109521372



FxPro

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search