Recently, the EUR/NZD pair has been trading sideways at the price of 1.4820. According to the 15M time frame, I found hidden bullish divergence and potential bullish flag. My advice is to watch for buying opportunities if the price breaks bullish flag. Targets are set at the price of 1.4860 and 1.4960. Trend is bullish.
Fibonacci pivot points:
Resistance levels:
R1: 1.4855
R2: 1.4890
R3: 1.4950
Support levels:
S1: 1.4740
S2: 1.4700
S3: 1.4645
Trading recommendations for today: watch for buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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