EURNZD - Buying a corrective dip to the 78.6% retracement
[Buy Limit] EURNZD is Bullish - We look to Buy at 1.7295
▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Bespoke support is located at 1.7295. ▪️ A bullish reverse Head and Shoulders is forming. ▪️ We have a 78.6% Fibonacci pullback level of 1.7295 from 1.7190 to 1.7653. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7370, resulting in improved risk/reward.
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