Recently, EUR/NZD has been moving sideways at the price of 1.4832. My previous analysis is still active. According to the 4H time frame, I found rejection from resistance at the price of 1.4900. EUR/NZD is in a short-term downward trend. My advice is to watch for selling opportunities. I have placed Fibonacci expansion and I found a downward target at the price of 1.4730.
Fibonacci Pivot Points:
Resistance levels
R1: 1.4925
R2: 1.4945
R3: 1.4985
Support levels:
S1: 1.4850
S2: 1.4830
S3: 1.4795
Trading recommendations for today: Watch for potential selling opportunities.
