EURNZD Analysis 01.11.2019

The support level of 1.7320 holds back sellers. An H4 level downward truncated pattern has formed, while within its wave (C) a turncated H1 level pattern has formed. A bullish divergence has formed on Awesome Oscillator H1 and H4. Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while an ascending wave pattern is forming, where the wave (A) breaks through the inclined channel of the descending truncated structure of the H1 level, completing it.

Stop Loss under the support level - 1.7320.

Target levels - 1.7514; 1.7610.