EURNZD approaching 1st support, potential for a bounce!

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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.

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Chart PatternsEUREURNZDeurnzdlongHarmonic PatternsNZDTrend Analysis

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