In our last analysis, EUR/NZD was trading upwards. As we expected, the price has tested the level of 1.4519 in a high volume. The price found resistance at the level of 1.4500. The short-term trend is bullish. According to the price action on 4H time frame, we can observe a supply in a weak volume. My advice is to watch for potential buying opportunities on the dips. If the price breaks the level of 1.4500 in a high volume, we will have the resistance level of 1.4580.
Daily Fibonacci pivot levels:
Trading recommendations: Be careful when selling and watch for potential buying opportunities on the dips
Petar Jacimovic neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.
Uitgevoerd door, Analytische expert
InstaForex Group © 2007-2015