Recently, EUR/NZD has been moving upwards. The pair tested the level of 1.6684 in a high volume. According to the 30M time frame, I found an upward trend and successful testing of supply at the price of 1.6575. Besides, I found successful rejection from SMA 50. Watch for buying opportunities. The level of 1.6600 looks like a good level to establish buying positions. Take profit level is set at the price of 1.6680.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.6575
R2: 1.6600
R3: 1.6650
Support levels:
S1: 1.6485
S2: 1.6475
S3: 1.6410
Trading recommendation for today: The trend is upward. Watch for buying opportunities on dips. Take profit level to be set at the price of 1.6680.
The material has been provided by InstaForex Company - www.instaforex.com