During a significant ascending wave, the price line on EUR/NZD price chart experienced a growth of value, up to more than 10.3%. The price currently started sharper bouncing between a static resistance level at 1.74 – 1.75, and its bullish trend line, which is reflected as an ascending red line. RSI has issued a complex negative divergence and a bearish wave could be expected. The commencement of the bearish phase could be detected when the price line breaks below the ascending trend ine.
• There is a resistance level at 1.75035 followed by resistance at 1.76000 and 1.76799
• There is a support level at 1.71470. Below, there is 1.69302 and 1.67111
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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