Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5305 in a high volume. Upward target from yesterday at the price of 1.5270 has been met. On 30M time frame and using market profile, I found breakout of upward extremes, which is sign of strength. Momentum is on bullish side. Watch for buying opportunities on the dips. Targets are set at the price of 1.5330 and 1.25390. There is also successful rejection of previous swing high area at 1.5290, which now became a strong support.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5265
R2: 1.5290
R3: 1.5330
Support levels:
S1: 1.5185
S2: 1.5160
S3: 1.5115
Trading recommendations for today: Watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2ePTk56
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