Recently, EUR/NZD has been moving downwards. According to the H1 time frame, I found a trading range between the price of 1.5640 (resistance) and 1.5440 (support). The support level is on the test. I found pin bars and weak supply today at the support level, which is a sign that selling looks very risky. Watch for buying opportunities. If the price breaks the level of 1.5480, it will confirm bullish view.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5560
R2: 1.5590
R3: 1.5630
Support levels:
S1: 1.5470
S2: 1.5445
S3: 1.5400
Trading recommendations for today: Watch for buying opportunities.
