Hi Traders,
The EURNZD seems to have completed a minor ABC zigzag correction within a major ABC zigzag pattern.
.
The price is currently reversing from a key support level and has the potential to move up towards the ascending channel resistance.
.
We will wait for the price to trade above the blue Counter Trend Line with a five-wave impulse, and then we will look for a three-wave corrective pattern to confirm the bullish move.
.
Will post an update soon if price completed the two phases.
.
Stay tuned.
.
Any opinions on EURNZD?
The EURNZD seems to have completed a minor ABC zigzag correction within a major ABC zigzag pattern.
.
The price is currently reversing from a key support level and has the potential to move up towards the ascending channel resistance.
.
We will wait for the price to trade above the blue Counter Trend Line with a five-wave impulse, and then we will look for a three-wave corrective pattern to confirm the bullish move.
.
Will post an update soon if price completed the two phases.
.
Stay tuned.
.
Any opinions on EURNZD?
