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EURNZD Approaching Resistance, Potential Reversal

Oleh ICmarkets
Broker
EURNZD is approaching its resistance at 1.6572 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.6470 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Chart PatternsEUREURNZDeurnzdlongeurnzdshortForexforexsignalforextradingHarmonic PatternsNZDTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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