EURNZD approaching 1st support, potential for a bounce!

16 มิ.ย. 2021

Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 100%, 127.2% Fibonacci extension and horizontal pullback support. We could see a bounce and further rise towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. RSI is also holding above the ascending trendline support, as well as price, showing signs of further bullish pressure.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.