EURNZD continues to fall after the earlier downward reversal from the of the resistance level 1.79400 – intersecting with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse (1) from the middle of August. Given the rising bullish NZD sentiment seen across the currency markets today, EURNZD is likely to extend the losses toward the next support level 1.75700 (low of the corrective wave B from the start of October) – the breakout of which will lead to further losses toward 1.74500.