EUR/NZD Third Wave Finale

 | Aug 05, 2020 08:38AM ET

EUR/NZD Bullish: We are currently at 1.7835 in a 3rd wave. We have convergence for the upside move on the 60-minute chart.  We have the start of convergence for the downside move on the 240-minute chart.  We are looking for a continuation to the ATR target at 1.7947 and then the start of the 4th wave down. Watch the USDX for direction. The ATR for the pair currently is 123 pips per day.