Recently, the EUR/NZD pair has been trading sideways at the price of 1.4785. According to the 30M time frame, I found hidden bullish divergence and potential bullish flag. My advice is to watch for buying opportunities if the price breaks bullish flag. The first target is set at the price of 1.4855. There is Fibonacci retracement rejection in the background. Price respected Fibonacci retracement 38.2%, which is good sign for potential bullish continuation.
Resistance levels:
R1: 1.4815
R2: 1.4835
R3: 1.4865
Support levels:
S1: 1.4750
S2: 1.4735
S3: 1.4700
Trading recommendations for today: watch for buying opportunities.
