Recently, EUR/NZD has been moving sideways at the price of 1.5330. According to the 30M time frame and using the market profile, I found rejection from point of control at the price of 1.5290. EUR/NZD is in upward trend and my advice is to watch for buying opportunities. The first upward take profit is set at the price of 1.5420 and the second take profit level is set at the price of 1.5490.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5380
R2: 1.5420
R3: 1.5474
Support levels:
S1: 1.5265
S2: 1.5230
S3: 1.5170
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/2cirTnd
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