EUR/NZD Analysis for July 01, 2016
Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.5466 in a high volume. According to the 30M time frame, I found response from sellers at the price of 1.5536 (yesterday's point of control); sellers are in control over the market. Watch for selling opportunities on pullbacks. The next downward take profit level is set at the price of 1.5450.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5670
R2: 1.5720
R3: 1.5805
Support levels:
S1: 1.5500
S2: 1.5445
S3: 1.5360
Trading recommendations for today: Watch for selling opportunities on pullbacks
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