EUR/NZD Approaching Resistance, Prepare For Reversal

The EUR/NZD pair is approaching its resistance at 1.6922 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.6857 (61.8% Fibonacci retracement).

Stochastic (55, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated.

EUR/NZD is approaching its resistance where we expect to see a reversal.

Sell below 1.6922. Stop loss at 1.6976. Take profit at 1.6857.


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