Recently, EUR/NZD has been moving downwards.As I expected, the price tested the level of 1.5036 in a high volume. My downward target at the price of 1.5130 has been reached. According to the M30 time frame, I found one down fractal at the price of 1.5073 (already reached) today. My advice is watch for selling opportunities with target at the price of 1.4950 and stop loss level at the price of 1.5145. The trend is downward. According to the volume analysis, I found supply in a high volume and no signs of potential strength.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5235
R2: 1.5260
R3: 1.5300
Support levels:
S1: 1.5160
S2: 1.5135
S3: 1.5095
Trading recommendations for today: Watch for selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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