our last analysis, EUR/NZD was trading downward. The price has tested the level of 1.5711 in a volume below the average. We may see a potential testing of the level of 1.5675-1.565 (swing low like support).
Selling EUR/NZD at this stage looks risky since we can observe supply
in a low volume. We are waiting for a larger activity on the market
and stronger price action. My advice is to watch for potential
buying opportunities on the lows. Any larger demand may confirm a further bullish phase.
Fibonacci pivot levels:
recommendations: Be careful when selling the EUR/NZD pair since we
can observe supply in a low volume
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