Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.4911 in a high volume. My first downward target at the price of 1.4905 (Fibonacci expansion 100%) almost got reached. If the price breaks the level of 1.4905 in a high volume, we may see potential testing of 1.4735 (Fibonacci expansion 161.8%). Watch for selling opportunities.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5100
R2: 1.5145
R3: 1.5210
Support levels:
S1: 1.4965
S2: 1.4930
S3: 1.4860
Trading recommendations for today: Watch for selling opportunities with the first target at 1.4735.