10.12.2020
The overall trend is downward. The currency pair is trading in the range of the upper limit of the descending price channel. A breakout of the support level of 1.7175 will result in the formation of a descending wave pattern within the wave C of an H2 level descending pattern.
EURNZD rate online: monitor the price movement in real time.
Trading recommendations:
Sell when a descending wave pattern is formed below 1.7175.
Stop Loss: 1.7275.
Target levels: 1.7096; 1.7022.
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