29/08/2022
Euro prices are now trading against the New Zealand dollar in a corrective framework that represents a wave 2 that targets 61.8% retracement of wave 1 at 1.65217. when it is completed, a model 1 2 1 2 will be formed, which is evidence of a bearish impulsive wave with a high selling momentum, and the critical limit for wave 2 is 1.69671.
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20/8/2022
The euro against the New Zealand dollar continues in the bearish impulsive trend after it completed a pattern 1 2 1 2 and has already started the wave at ((3)), which is currently aimed at breaking the support formed at 1.564280. The critical limit that maintains this scenario is 1.696710
03/09/2022
It is now descending in the form of an impulse wave ((3)), which is formed a pattern 1 2 1 2 that indicates to a bearish trend with high momentum, after the wave 2 completes its targets at 1.0652200 and 1.67174. The critical limit of this decline at 1.69671.
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Coming closer to the weekly range, we are looking for a sell-off in wave (3) of ((A)) of y, critical resistance at 1.736860
Looking for more downside lower than 1.388380 in wave y, critical resistance at 1.736860