EURNZD holding above ascending trendline support. With technical indicators showing room for further bullish momentum, we can expect price to push higher above 1st support at 1.68133 towards 1st resistance at 1.69044.
Trading Recommendation
Entry: 1.68133
Reason for Entry:
23.6% Fibonacci retracement, Ascending trendline support
Take Profit: 1.69044
Reason for Take Profit:
-27.2% Fibonacci retracement, graphical overlap resistance
Stop Loss: 1.67693
Reason for Stop Loss:
50% Fibonacci retracement