Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.5644 in a high volume. The 1H time frame shows the price has broken the trading range (re-accumulation) and may go higher. Be careful when selling EUR/NZD at this stage and watch for buying opportunities on the dips. Target level is set at the price of 1.5825 and 1.5920
Fibonacci Pivot Points:
Resistance levels
R1: 1.5640
R2: 1.5650
R3: 1.5665
Support levels:
S1: 1.5615
S2: 1.5610
S3: 1.5595
Trading recommendations for today: watch for buying opportunities on the dips.
The material has been provided by InstaForex Company - www.instaforex.com