Recently, EUR/NZD has been moving sideways at the price of 1.5475. According to the 15M time frame, I found fake breakout of upward trend line and a selling climax. Be careful when selling EUR/NZD at this stage since we may expect upward price. The first upward target is set at the price of 1.5530.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5570
R2: 1.5600
R3: 1.5600
Support levels:
S1: 1.5460
S2: 1.5425
S3: 1.5370
Trading recommendations for today: Watch for buying opportunities due to a selling climax and a fake breakout of the upward trendline.
