Recently, EUR/NZD has been moving sideways at the price of 1.5395. According to the 4H time frame, I found successful rejection from the resistance at the price of 1.5489. Watch for selling opportunities on the pullbacks. The key support level and the take profit level is set at the price of 1.5235.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5485
R2: 1.5520
R3: 1.5565
Support levels:
S1: 1.5390
S2: 1.5360
S3: 1.5310
Trading recommendations for today: Watch for selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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