Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5432 in a high volume. According to the 1H time frame, I found a broken flat base. Strong upward momentum confirmed the breakout of the base, which is a sign that we may see a higher price. I have placed the Fibonacci expansion to find potential upward targets. I found Fibonacci expansion 61.8% at the price of 1.5455, Fibonacci expansion 100% at the price of 1.5540, and Fibonacci expansion 161.8% at the price of 1.5675.
Fibonacci Pivot Points:
Trading recommendations for today: Be careful when selling and watch for buying opportunities.
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