We had expected a rise for the New Zealand euro pair through this analysis
As the euro pair was moving against the New Zealand dollar in a bearish trend on the hourly frame since the beginning of this month, as it fell from the level of 1.8220
The pair was approaching the support levels at the area of 1.7635-1.7610 with oversold momentum on the RSI
The price moves in the Harmonic model ab = cd is symmetric in time and completed at the level of 1.7610, and supported by the presence of a bullish trend line on the daily frame from the bottom of last January
Boarding targets are expected to be completed
