Overview:
Recently, EUR/NZD has been moving upwards. The price tested the level of 1.6600. In the daily time frame, we can observe a weak supply in a volume above the average. Strong support level is seen at the level of 1.6340. The short-term had changed from bearish to neutral, but the mid-term trend is still bullish. I am waiting for larger liquidity and stronger price actions to confirm further direction.
Fibonacci Pivot Points :
Resistance levels:
R1: 1.6550
R2: 1.6590
R3: 1.6650
Support levels:
S1: 1.6425
S2: 1.6385
S3: 1.6325
Trading recommendations: Be careful when selling EUR/NZD and watch for potential breakout of resistance or support to confirm direction. Strong support is around the level of 1.6340.
