Recently, EUR/NZD has been moving downwards. As I expected, the price reached my take profit level at 1.5115. According to the 30M time frame, I found downward pressure on the market and a breakout of the upward trend line in the background. Watch for selling opportunities on the pullbacks with the take profit at 1.5115. If the price breaks the level of 1.5115 in a high volume, it will confirm larger downward movement.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5280
R2: 1.5325
R3: 1.5400
Support levels:
S1: 1.5120
S2: 1.5070
S3: 1.4990
Trading recommendations for today: Be careful when buying and watch for selling opportunities.
