EURNZD Weekly Forex Forecast 19th November to 25th November by yshashmi37 on

Midterm forecast:

1.7115 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.7115 is broken.
Technical analysis:

While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.7930 on 10/08/2018, so more losses to support(s) 1.6565, 1.6225, 1.5830 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 20.

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