Recently, EUR/NZD has been moving upwards. The price tested the level of 1.6704 in a high volume. According to the 15M time frame, I found successful testing of supply in a low volume, which is sign that an upward price is possible. Watch for buying opportunities on the dips. The take profit level is set at the price of 1.6740 . According to the 4H time frame, EUR/NZD is in an upward trend.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.6673
R2: 1.6720
R3: 1.6790
Support levels:
S1: 1.6525
S2: 1.6480
S3: 1.6405
Trading recommendation for today: Be careful when selling EUR/NZD and watch for buying opportunities on the dips.
The material has been provided by InstaForex Company - www.instaforex.com