(MENAFN- FxPro)
- EURNZD reversed from resistance area
- Likely to fall to 1.7310
EURNZD today reversed down from the resistance area lying between the strong resistance level 1.7600 (which has been reversing the price from the star of August) and the upper daily Bollinger Band.
The downward reversal from this resistance area is expected to create the daily reversal pattern Bearish Engulfing – if the price closes today near the active levels.
With the overbought daily Stochastic - EURNZD is expected to fall further and retest the next support level 1.7310.
MENAFN2409201901560000ID1099042249
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.