Overview:
Recently, EUR/NZD has been moving upwards. In the daily time frame, I found a weak demand bar in an average volume. In the 4-hour time frame, I found evening rejection from Fibonacci expansion 61.8% at the price of 1.6545. So be careful when selling EUR/NZD at this stage and watch for potential buying opportunities. I found resistance level at the price of 1.7000. Intraday resistance level is set at the price of 1.6890. Intraday support from the other side is found at the price of 1.6750.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.6850
R2: 1.6900
R3: 1.6990
Support levels:
S1: 1.6675
S2: 1.6620
S3: 1.6530
Trading recommendations: EUR/NZD is in the uptrend. Watch for potential buying opportunities on dips.
