easyMarkets

EURNZD approaching support, potential for big bounce!

Long
FX:EURNZD   Euro / New Zealand Dollar
Price is approaching our first support (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce might occur to our first resistance (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic is also approaching support.
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Losses can exceed the initial investment so please ensure you fully understand the risks.


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