EURNZD Chart Technical Outlook

EURNZD Chart Technical Outlook bounces from support, 1.8145 medium-term target
We have seen a move to the upside from the projected support barrier of the AB leg in a large Crab formation (1.7528)
Time cycle analysis would suggest that we continue to the upside targeting either 1.7969 or 1.8145.
This upside momentum is set to continue until the 26th of October. This falls in line with the next ECB meeting. It should be noted that the anticipated move higher is counter-trend.

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