Analysis of the EURNZD Currency Pair for 04.12.2025

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

04.12.2025.     

EURNZD

      The support level at 2.0190 is holding back the sellers. The descending wave structures are truncated. The formation of the reverse wave model 'Boguraev's Matryoshka' has begun. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy upon the formation of an upward wave structure, where wave (A) breaks through 2.02313 (the pivot of wave C(2) of the main descending structure).

Stop Loss – 2.0190.

Target levels – 2.0320; 2.0432.