FX.co ★ EUR/NZD analysis for January 25, 2017

Recently, EUR/NZD has been trading sideways at the price of 1.4820. According to the 15M time frame, I found hidden bearish divergence on the moving average oscilator. My advice is to watch for potential selling opportunities. A downward target is set at the price of 1.4767. The overall trend is still downward.

Fibonacci Pivot Points:

Resistance levels

R1: 1.4866

R2: 1.4890

R3: 1.4930

Support levels:

S1: 1.4780

S2: 1.4760

S3: 1.4720

Trading recommendations for today: watch for potential selling opportunities.