- 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.
, lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from November){kind=link}