EURNZD currency pair recently reversed up from the support zone lying between the pivotal support level 1.61150 (which stopped the previous waves (3) and B) and the lower daily Bollinger band. The upward reversal from this support zone stopped the earlier intermediate impulse wave (5) from last week. Given the strengthening bearish new Zealand sentiment seen across the currency markets today, EURNZD currency pair can be expected to rise further toward the next resistance level 1.63350 (top of the previous correction (B)).