EURNZD Wave Analysis – 11 February 2025
- EURNZD currency pair reversed from the support area
- Likely to rise to the resistance 1.8380
EURNZD currency pair recently reversed up from the support area located between the pivotal support level 1.8235 (former monthly low from January), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from November
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Morning Star.
Given the multi-month uptrend and the oversold daily Stochastic, EURNZD currency pair can be expected to rise to the next resistance 1.8380.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.