EURNZD price dropped to 38.2% which serve as wave 4 attribute , and wave 5 is expected to start to continue going to the upside breaching the high of wave 3 and higher. wave 5 is 100% of wave 1
EUR NZD (Euro / New Zealand Dollar)
The Euro vs. the New Zealand Dollar. The New Zealand dollar had performed well against the Euro recently because it is often considered to be a proxy for the Chinese growth. Eurozone weakness may limit any significant reversal if concerns about Chinese growth occurs as the country shifts from export lead growth. The NZD has benefited from the recent Euro-zone difficulties due to idle cash efforts to find strong, secure yields.
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