Recently, the EUR/NZD pair has been upwards. The price tested the level of 1.4854. According to the 30M time frame, I found strong upward movement in the background due to Wheeler speech today. Anyway, my advice is to wait potential end of the bearish correction before buying. The price should at least test Fibonacci retracement 38.2% at the price of 1.4740.
Fibonacci pivot points:
Resistance levels:
R1: 1.4750
R2: 1.4790
R3: 1.4860
Support levels:
S1: 1.4620
S2: 1.4570
S3: 1.4500
Trading recommendations for today: watch for potential end of bearish correction before buying.
The material has been provided by InstaForex Company - www.instaforex.com
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