Overview:
Recently, EUR/NZD has been moving downward. The price tested the level of 1.6234. In the daily time frame, we can observe a weak bullish bar. The trend is downward (the price is below Ichimoku cloud on the H1 and M30 charts. We can observe major support-cluster around the price of 1.6150. So, be careful when selling EUR/NZD before the breakout of our key support level. The price is also in a strong downward channel.
Fibonacci Pivot Points :
Resistance levels:
R1: 1.6435
R2: 1.6475
R3: 1.6540
Support levels:
S1: 1.6310
S2: 1.6270
S3: 1.6205
Trading recommendations: Be careful when selling EUR/NZD at this stage since the price is at the 1.6150 critical support.
