FX.co ★ 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.