In our last analysis EUR/NZD was trading downwards. As we expected, the price has tested the level of 1.4306 in a high volume. The mid-term trends are bearish and my advice is to watch for potential selling opportunities after corrections. I found a big weakness around the price of 1.4630 (buying climax). Major support is at the price of 1.4360. According to the daily timeframe, we can observe supply in a high volume in the background.
Daily Fibonacci pivot levels:
Trading recommendations: Be careful when buying at this stage and watch for potential selling opportunities after a retracement (after bullish correction).
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