Overview:
Recently, EUR/NZD has been moving downwards. The price tested the level of 1.6642 in a very high volume. In the daily time frame, we can observe a test of our key point in the control zone (1.6640-1.6515). In the H4 time frame, the price has broken this point, and we may expect further upward movements. I found upward trend line. The price is well above all key MA`s (50SMA, 100SMA, 150SMA, and 200 SMA). The first take profit zone is seen around the level of 1.7260 (previous swing high).
Fibonacci Pivot Points:
Resistance levels:
R1: 1.6965
R2: 1.7020
R3: 1.7110
Support levels:
S1: 1.6780
S2: 1.6725
S3: 1.6630
Trading recommendations: Trading recommendations: the intraday trend is neutral, but the short-term trend is upward. Watch for potential buying opportunities.
