Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5650 in a high volume. According to the 4H time frame, I found strength in the background. I found bullish outside bar formation and morning star formation, which are signs that selling looks risky. The price rejection from Fibonacci retracement 38.2% at 1.5555. Be careful when selling and watch for buying opportunities. Take profit level is set at the price of 1.5830.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5675
R2: 1.5715
R3: 1.5777
Support levels:
S1: 1.5545
S2: 1.5505
S3: 1.5440
Trading recommendations for today: Be careful when selling and watch for buying opportunities.
