Here we have the EURNZD on the daily over the past one year. There is a clear down trend on the pair and currently close to breaking a significant support level. If this breaks, and falls below the 0.382 on the FIB of the huge downward price swing spanning seven months, looking at a potential 1:3 Risk to Reward.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.