Overview:
Recently, EUR/NZD has been moving upwards.The price tested the level of 1.7895. In the daily time frame, we can observe a demand bar in an average volume. The intraday trend is downward. According to the M15 chart, we can see weaknesses in strong downward momentum. Watch for potential selling opportunities after retracement. Potential target zone is around the prices of 1.7550-1.7450.
Fibonacci Pivot Points :
Resistance levels:
R1: 1.7780
R2: 1.7855
R3: 1.7975
Support levels:
S1: 1.7540
S2: 1.7460
S3: 1.7350
Trading recommendations: Be careful when buying and watch for potential selling opportunities.
