Pivot Point 1.5745
Scenario: long positions at 1.5745 levels, targeting 1.6000
Alternative scenario: stop loss and change direction by breaking 1.5670, targeting 1.5600
Comment
The euro against the New Zealand dollar is moving in a bearish direction on the four-hour period from the top of last month until it reached the support levels 1.5670-1.5745 with the presence of the harmonic shark pattern by 88% Fibonacci correction, so that the price is expected to rise to 1.6000 levels corresponding to the bearish trend line
