Recently, EUR/NZD has been moving sideways at the price of 1.5190. On the 30M time frame I found strong weakness in the background and wide spread of the bar. Be careful when buying EUR/NZD at this stage and watch for selling opportunties. There is broken upward trendline on the backgorund, which is a sign for potential lower price. First downward target is set at the price of 1.5170 and the second one is at the price of 1.5135.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5265
R2: 1.5310
R3: 1.5385
Support levels:
S1: 1.5120
S2: 1.5075
S3: 1.5000
Trading recommendations for today: Watch for potential selling opportunties.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, EUR/NZD has been moving sideways at the price of 1.5190. On the 30M time frame I found strong weakness in the background and wide spread of the bar. Be careful when buying EUR/NZD at this stage and watch for selling opportunties. There is broken upward trendline on the backgorund, which is a sign for potential lower price. First downward target is set at the price of 1.5170 and the second one is at the price of 1.5135.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5265
R2: 1.5310
R3: 1.5385
Support levels:
S1: 1.5120
S2: 1.5075
S3: 1.5000
Trading recommendations for today: Watch for potential selling opportunties.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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