FX.co ★ EUR/NZD analysis for July 20, 2016

Recently, EUR/NZD has been moving downwrads. The price tested the level of 1.5564 in the average volume. My downward target at the price of 1.5635 has been reached. Anyway, today, buyers came in to the market and I found a change in the trend behavior from bearish to bullish. Be careful when selling and watch for buying opportunities. The first target is set at the price of 1.5765.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.5735

R2: 1.5785

R3: 1.5870

Support levels:

S1: 1.5560

S2: 1.5505

S3: 1.5420

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