EURNZD facing bullish pressure | 3rd June 2021

EURNZD facing bullish pressure | 3rd June 2021 for FX:EURNZD by FXCM

EURNZD facing bullish pressure | 3rd June 2021



EURNZD is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support. We could potentially see a bounce at 61.8% Fibonacci retracement and 61.8% FIbonacci extension , and a further rise up to test 1st Resistance, in line with 100% Fibonacci extension and horizontal pullback resistance.

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