Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5768 in the average volume. My second upward target at the price of 1.5700 has been reached. Anyway, sellers came in to the market and I found a change in the trend behavior from bullish to bearish. Be careful when buying at this stage and watch for selling opportunities. Targets are set at the price of 1.5635 and 1.5545.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5620
R2: 1.5670
R3: 1.5750
Support levels:
S1: 1.5460
S2: 1.5410
S3: 1.5330
Trading recommendations for today: Be careful when buying and watch for selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com