EURNZD approaching resistance, potential drop!

٢٢ فبراير ٢٠١٩

EUNZD is approaching our first resistance at 1.6744 (horizontal pullback resistance, 76.4% Fibonacci retracement, 61.8%, 161.8%, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.6606 (horizontal pullback support, 50% fiboancci retracement).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
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