03.11.2020
Analytics based on round levels, price channels and modified wave analysis.
The round minor level 1.7520 is holding back sellers. A descending truncated pattern has formed. Bullish divergence has formed on Awesome Oscillator, while the moving averages of Stochastic Oscillator have left the oversold zone.
EURNZD rate online: monitor the price movement in real time.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending truncated pattern.
Stop Loss below the support level 1.7520.
Target levels: 1.7720; 1.7926.
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