Recently, EUR/NZD has been moving sideways at the 1.6680 level. Previous analysis is still valid. According to the 30M time frame chart, there is a trading range between the 1.6666 (support) and 1.6800 (resistance) levels. Watch for a breakout of the trading range to define further direction. The upside target is set at 1.6920. In case the price breaks support, the downside target should be places at 1.6540.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.6745
R2: 1.6775
R3: 1.6820
Support levels:
S1: 1.6650
S2: 1.6625
S3: 1.6580
Trading recommendation for today: watch for breakout of trading range to confirm further direction.
