Recently, EUR/NZD has been moving sideways at the price of 1.5200. On 30M time frame, I found strong resistance cluster at the price of 1.5210-1.5215. Be careful when buying EUR/NZD at this stage and watch for potential selling opportunities. The first downward target is set at the price of 1.5160.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5210
R2: 1.5222
R3: 1.5240
Support levels:
S1: 1.5170
S2: 1.5160
S3: 1.5140
Trading recommendations for today: Watch for potential selling opportunties.
The material has been provided by InstaForex Company – www.instaforex.com
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