EURNZD Sell-Off: Potential Resistance at 1.81220
Key Daily Resistance:
1.81220 coincides with a strong daily resistance level. Prices have a tendency to reverse course at these established levels.
Fibonacci Retracement:
This level aligns perfectly with the 61.8% Fibonacci retracement. The Fibonacci retracement is a popular tool used by traders to identify potential reversal points, and the 61.8% level is a particularly strong indicator of a possible reversal.
Entry: 1.81220
Stop: 1.81911
Profit: 1.78981
Risking 0.5% with a potential of 1.75% return.
Key Daily Resistance:
1.81220 coincides with a strong daily resistance level. Prices have a tendency to reverse course at these established levels.
Fibonacci Retracement:
This level aligns perfectly with the 61.8% Fibonacci retracement. The Fibonacci retracement is a popular tool used by traders to identify potential reversal points, and the 61.8% level is a particularly strong indicator of a possible reversal.
Entry: 1.81220
Stop: 1.81911
Profit: 1.78981
Risking 0.5% with a potential of 1.75% return.
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