Falling towards 38.2% Fibonacci support?EUR/NZD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 1.77237
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.76387
Why we like it:
There is a pullback support level which aligns with the 76.4% Fibonacci retracement.
Take profit: 1.78532
Why we like it:
There is a pullback resistance level which lines up with the 161.8% Fibonacci extension.
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