Recently, EUR/NZD has been trading sideways at the price of 1.4820. According to the 15M time frame, I found hidden bearish divergence on the moving average oscilator. My advice is to watch for potential selling opportunities. A downward target is set at the price of 1.4767. The overall trend is still downward.
Fibonacci Pivot Points:
Resistance levels
R1: 1.4866
R2: 1.4890
R3: 1.4930
Support levels:
S1: 1.4780
S2: 1.4760
S3: 1.4720
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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