FX.co ★ EUR/NZD analysis for July 11, 2016

Recently, EUR/NZD has been moving downwards. The price tested the level of 1.5109 in a high volume. According to the 30M time frame, I found climatic action at the price of 1.5145. I found changing in trend dynamic from bearish to bullish. Be careful when selling EUR/NZD and watch for buying opportunities on the dips. Take profit level is set at the price of 1.5385.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.5270

R2: 1.5325

R3: 1.5410

Support levels:

S1: 1.5100

S2: 1.5050

S3: 1.4960

Trading recommendations for today: Be careful when selling and watch for buying opportunities.