Overview:
Since our last analysis the EUR/NZD pair has been trading in upward moves, price tested level 1.6867 and broke FE 261.8% at price 1.6620. I have changed analysis for future upwardly. Next up station according daily time frame is FE 361.8% at price 1.7150. The price made new high on ultra high volume which is sign that selling this pair looks very risky. Current situation on (1H) time frame is that price made small correction and tested FE 100% at price 1.6757 so we may expect starting upward from FE 100% or from FE 161.8% at price 1.6702. Potential up station is previous swing high at price 1.6865. Selling this pair looks risky so I advise you watch for buying opportunities after down corrections.
Daily pivot Fibonacci points:
Resistance levels:
R1 : 1.6813
R2 : 1.6890
R3 : 1.7015
Support levels:
S1 : 1.6564
S2 : 1.6487
S3 : 1.6363
Trading recommendation: Be careful with short-term selling and look for buying opportunities. I recommend 1.6865 for up target.
