Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.5596 in a high volume. The price reached our take profit level from yesterday at 1.5550. According to the 30M time frame, I found weakness at the price of 1.5595, which is a sign that buying at this stage looks risky. My advice is to watch for selling opportunities on pullbacks. An intraday take profit level is set at the price of 1.5465.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5535
R2: 1.5570
R3: 1.5630
Support levels:
S1: 1.5420
S2: 1.5385
S3: 1.5330
Trading recommendations for today: Watch for selling opportunities on pullbacks.
