Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.5569 in a high volume. Both my targets from yesterday were reached. There is strong upward momentum on the market. The price went very strong out of a 4-day base and I found a higher value area. I am expecting a test of my third target and extreme profit level of Fibonacci expansion 161.8% at the price of 1.5675. Be careful when selling and watch for buying opportunities.The intraday support (swing high is acting like support) at the price of 1.5485 held successfully.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5489
R2: 1.5555
R3: 1.5666
Support levels:
S1: 1.5270
S2: 1.5200
S3: 1.5095
Trading recommendations for today: Be careful when selling and watch for buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com