Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.5509 in a high volume. My upward target at the price of 1.5485 has been reached. EUR/NZD is in a strong upward trend today and since we got a selling climax in the background, this may be absorption volume. Watch for buying opportunities. Next upward target is set at the price of 1.5545.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5500
R2: 1.5575
R3: 1.5695
Support levels:
S1: 1.5270
S2: 1.5200
S3: 1.5080
Trading recommendations for today: Watch for buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com