EURNZD today once again reversed up from the support area located between the key multi-month support level 1.71600 (former resistance from February which has been steadily reversing the pair from the start of June), standing near the lower daily Bollinger Band. Given the strength of the aforementioned support area and the rising NZD dollar bearishness seen across the FX markets today, EURNZD is likely to rise further toward the next resistance level 1.74540 (former strong support and the monthly low from September, as can be seen below).