Recently, EUR/NZD has been trading upwards. The price tested the level of 1.4865. According to the 15M time frame, I found hidden bearish divergence on the moving average and head-and-shoulders formation. My advice is to watch for selling opportunities. Downward targets are set at the levels of 1.4745 and 1.4670.
Fibonacci Pivot Points:
Resistance levels
R1: 1.4780
R2: 1.4800
R3: 1.4850
Support levels:
S1: 1.4690
S2: 1.4660
S3: 1.4620
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com