EUR/NZD is approaching a key support where we expect to see a bounce from there!

Price broke out of its ascending support-turned-resistance line where we expect to see a further drop to its support at 1.6618 before bouncing back up to its resistance at 1.6783. Entry : 1.6618 Why it’s good : horizontal pullback support, 50% fibonacci retracement, 100% fibonacci extension Stop Loss : 1.6533 Why it’s good : 61.8% […]