EUR/NZD Approaching Resistance, Prepare For Reversal

EUR/NZD is approaching its resistance at 1.6571 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.6474 (horizontal swing low support).

Stochastic (21, 5, 3) is nearing its resistance at 93% where a corresponding reversal is anticipated.

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

Sell below 1.6571. Stop loss at 1.6629. Take profit at 1.6474.


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