Wave Tech Analysis

FxPro Forex Analysis: EURNZD Wave Analysis – 10 September , 2018

EURNZD rising inside impulse wave 3
• Further gains are likely

EURNZD continues to rise inside the accelerated impulse wave 3, which previously broke the resistance level 1.7475 (which reversed the previous sharp upward impulse waves (A) and (i), as can be seen below).

The breakout of the resistance level 81.10 accelerated the active short-term impulse wave 3 of the medium-term impulse wave (C) from the middle of June.

EURNZD is expected to rise further and retest the next resistance 1.7900 (target price for the completion of the active impulse wave (C)).

EURNZD - Primary Analysis - Sep-10 1430 PM (1 day)