Recently, EUR/NZD has been moving upwards. As I expected, the pair tested the level of 1.6709 in a high volume. Anyway, I found supply in a high volume today and it seems like that sellers are in control. Be careful when buying and watch for selling opportunities. I placed Fibonacci retracement and got Fibonacci retracement 61.8% at the price of 1.6560 (first downward target). The intraday trend is neutral.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.6600
R2: 1.6631
R3: 1.6675
Support levels:
S1: 1.6505
S2: 1.6475
S3: 1.6430
Trading recommendation for today: Be careful when buying and watch for selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com