Recently, EUR/NZD has been moving upwards. The price tested the level of 1.6824 in a high volume. EUR/NZD has broken the downward channel (bullsh flag). So, selling opportunities are not preferable anymore. I found retesting of a broken channel (1.6720), which is a sign that we may expect an upward price. The first take profit level is set at the price of 1.6823.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.6825
R2: 1.6865
R3: 1.6940
Support levels:
S1: 1.6680
S2: 1.6640
S3: 1.6570
Trading recommendation for today: Watch for buying opportunities on dips
