Recently, EUR/NZD has been trading sideways at the price of 1.4710. According to the 15M time frame, I found hidden bearish divergence on the moving average oscilator and a strong pin bar on the second swing high. My advice is to watch for selling opportunities. A downward target is set at the price of 1.4645. Anyway, to confirm hidden divergence the price needs to break the level of 1.4688.
Fibonacci Pivot Points:
Resistance levels
R1: 1.4750
R2: 1.4785
R3: 1.4840
Support levels:
S1: 1.4650
S2: 1.4615
S3: 1.4560
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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