Recently, EUR/NZD has been moving downwards. As we expected, the price tested the level of 1.7461. In the daily time frame, we can observe a supply bar in an average volume. The intraday trend is downward. According to the M15 chart, we can see successful rejection from yesterday’s point of control at the level of 1.7720. Watch for potential selling opportunities after retracement. A potential target zone is seen around 1.7450 (currently on the test)-1.7330.
Fibonacci Pivot Points :
Trading recommendations: Be careful when buying and watch for potential selling opportunities.
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