Recently, EUR/NZD has been moving sideways at the price of 1.6680. According to the 30M time frame, I found that strength came in near the level of 1.6650. The bearish wide spread bar in a high volume but closed near the top (sign of strength). My advice is to watch for buying opportunities on the dips. Take profit levels are set at the price of 1.6720 and 1.6760.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.6745
R2: 1.6800
R3: 1.6885
Support levels:
S1: 1.6570
S2: 1.6520
S3: 1.6430
Trading recommendation for today: Be careful when selling EUR/NZD and watch for buying opportunities on the dips.
