Recently, EUR/NZD has been moving sideways at the price of 1.5190. On the 30M time frame and using market profile, I found rejection from the point of control at the price of 1.5265. There is also a fake breakout of the downward trendline, which is a sign that selling pressure is strong. The intraday trend is downward. Watch for selling opportunities. First downward take profit is set at the 1.5080 level.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5300
R2: 1.5330
R3: 1.5375
Support levels:
S1: 1.5200
S2: 1.5170
S3: 1.5125
Trading recommendations for today: buying EUR/NZD at this stage looks risky. Watch for selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2d8fk9x
No comments:
Post a Comment