EURNZD Can Test 1.7500 During The Coming Weeks

EURNZD Can Test 1.7500 During The Coming Weeks

Technical Analysis:
From the previous analysis, the price reached the first target two times in a row.
The first time the price moved up to the first target quickly
The second time the price tested the resistance zone near 1.7750 again and move down.
The resistance zone near 1.7750 confirmed once again its strength and if the price continues to develop below that zone it should move further.


EURNZD can move down up to 1.7650, and 1.7570 and the maximum for this wave is up to 1.7470.
In this way, we can see a bigger channel pattern in development.

You may find further details in the chart!
Thank you and Good Luck!

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Previous Analysis:

Comment:

Comment:

EURNZD is testing the resistance zone gain.

🛑 The economic calendar for today MONDAY, MARCH 11 is empty.
No major movement is expected.
We may experience a boring day