Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5309 in a high volume. According to the 30M time frame and using the market profile, I found strong potential upward target level at the price of 1.5360. The intraday trend is very bullish and be very careful when selling. My advice is to watch for buying opportunities on the dips.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5240
R2: 1.5285
R3: 1.5360
Support levels:
S1: 1.5100
S2: 1.5050
S3: 1.4985
Trading recommendations for today: Selling EUR/NZD at this stage looks risky. Watch for buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2czbNRh
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