empty
 
 
17.01.2019 05:00 AM
EUR/NZD Approaching Resistance, Prepare For Reversal

The EUR/NZD pair is approaching its resistance at 1.6886 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.6770 (61.8% Fibonacci retracement, horizontal overlap support).

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 1.6886. Stop loss at 1.6950. Take profit at 1.6770.

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback