ICmarkets

EURNZD Approaching Resistance, Potential Reversal

Short
FX:EURNZD   Euro / New Zealand Dollar
EURNZD is approaching its resistance at 1.6886 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.6770 (61.8% Fibonacci retracement, horizontal overlap support).

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