Recently, EUR/NZD has been moving sideways at the price of 1.5960. According to 30M time frame, I found a successful test of supply trendline. The trend is downward. My advice is to watch for selling opportunities since the price successful tested the supply trendline. The first take profit level is set at the price of 1.5840.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.6015
R2: 1.6050
R3: 1.6120
Support levels:
S1: 1.5885
S2: 1.5845
S3: 1.5780
Trading recommendations for today: Watch for selling opportunities on pullbacks since I found a successful test of the supply trendline.
