EURNZD currency pair earlier reversed up from the key support level 1.65400 (which has been reversing this currency pair from the middle of March, as can be seen from the daily EURNZD chart below), strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the previous sharp upward impulse wave B from the middle of November. Given the clear daily uptrend and the bearish New Zealand dollar sentiment seen today, EURNZD currency pair can be expected to rise further toward the next resistance level 1.68000 (top of the previous minor wave B from the middle of this month)
