EURNZD approaching 1st support, potential for a bounce!
Price is approaching 1st support, in line with 61.8% Fibonacci retracement , 161.8% Fibonacci extension and horizontal overlap support. We could see a bounce and further upside towards 1st resistance, in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback resistance. RSI is also showing signs of bullish pressure, in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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