Recently, EUR/NZD has been moving downwards. The price tested the level of 1.5109 in a high volume. According to the 30M time frame, I found climatic action at the price of 1.5145. I found changing in trend dynamic from bearish to bullish. Be careful when selling EUR/NZD and watch for buying opportunities on the dips. Take profit level is set at the price of 1.5385.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5270
R2: 1.5325
R3: 1.5410
Support levels:
S1: 1.5100
S2: 1.5050
S3: 1.4960
Trading recommendations for today: Be careful when selling and watch for buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com