Recently, EUR/NZD has been moving downwards. The price tested the level of 1.5486 in a high volume. According to the 1H time frame, I found a broken bullish flag and a successful test of the flag formation, which is a sign that selling looks risky. The trend is upward. So, watch for buying opportunities on the dips. The first upward target is set at the price of 1.5620.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5615
R2: 1.5670
R3: 1.5760
Support levels:
S1: 1.5435
S2: 1.5380
S3: 1.5290
Trading recommendations for today: Watch for buying opportunities.
