Overview:

Since our previous analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6435 on average volume. Our previous analysis is still active and in progress. Be careful with selling since we've got buying climax in the background starting from the level of 1.6191. EUR/NZD is in short- and mid-term bullish trend, so watch for buying opportunities on the dips and try to catch the bullish continuation phase. I have placed Fibonacci levels to find potential upper stations. I got Fibonacci Retracement 38.2% at the price of 1.6375 (already met) and Fibonacci Retracement 61.8% at the price of 1.6485. Anyway, its very risky to sell at this stage, so my advice is to watch for potential bullish movements on the dips.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1.6411

R2: 1.6438

R3: 1.6482

Support levels:

S1: 1.6323

S2 : 1.6296

S3: 1.6252

Trading recommendation: Be careful with selling the EUR/NZD pair, watch for buying opportunities and try to catch the potential bullish continuation phase.