Recently, EUR/NZD has been moving sideways at the price of 1.5447. According to the 15M time frame, I found successful test of supply in a low volume at the price of 1.5450 and I found fake breakout of swing low. Be careful when selling and watch for buying opportunities. The price respects the 21SMA, which is a good sign of strength. The intraday trend is upward and the first upward target is set at the price of 1.5650. Point of control from Friday is set at the price of 1.5620.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5610
R2: 1.5655
R3: 1.5730
Support levels:
S1: 1.5460
S2: 1.5415
S3: 1.5340
Trading recommendations for today: Watch for buying opportunities on the dips.
