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EURNZD approaching resistance, potential drop!

Short
Euro / New Zealand Dollar (FX:EURNZD)  
Tickmill Broker  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns EUR EURNZD NZD eurnzdlong eurnzdshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern eur eurnzd nzd eurnzdlong eurnzdshort forex forextrading forexsignals
EURNZD is approaching our first resistance at 1.6566 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.6332 (horizontal swing low support).
Stochastic (34,5,3) is also approaching resistance we might see a corresponding drop in price should it react off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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