Recently, EUR/NZD has been moving downwrads. The price tested the level of 1.5003 in a low volume. I found a trading range between the price of 1.5008 (support) and the price of 1.5155 (resistance). Using the market profile on the 30M time frame, I found today’s point of control at the price of 1.5048. It seems like that price around 1.5010 looks like unfair price today and I expect higher price. Watch for potential buying opportunities. Targets are set at the price of 1.5050 and 1.5080.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5130
R2: 1.5160
R3: 1.5215
Support levels:
S1: 1.5020
S2: 1.4990
S3: 1.4935
Trading recommendations for today: Consider buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, EUR/NZD has been moving downwrads. The price tested the level of 1.5003 in a low volume. I found a trading range between the price of 1.5008 (support) and the price of 1.5155 (resistance). Using the market profile on the 30M time frame, I found today’s point of control at the price of 1.5048. It seems like that price around 1.5010 looks like unfair price today and I expect higher price. Watch for potential buying opportunities. Targets are set at the price of 1.5050 and 1.5080.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5130
R2: 1.5160
R3: 1.5215
Support levels:
S1: 1.5020
S2: 1.4990
S3: 1.4935
Trading recommendations for today: Consider buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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