Recently, EUR/NZD has been moving sideways at the price of 1.5745. According to the 30M time frame, I found a supply trend line, which is holding very successfully. I also found reversal bars (upthrust) at the trend line, which is a sign that buying looks risky. My advice is to watch for selling opportunities. The take profit level is set at the price of 1.5640.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5815
R2: 1.5860
R3: 1.5925
Support levels:
S1: 1.5685
S2: 1.5645
S3: 1.5575
Trading recommendations for today: Be careful when buying and watch for selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, EUR/NZD has been moving sideways at the price of 1.5745. According to the 30M time frame, I found a supply trend line, which is holding very successfully. I also found reversal bars (upthrust) at the trend line, which is a sign that buying looks risky. My advice is to watch for selling opportunities. The take profit level is set at the price of 1.5640.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5815
R2: 1.5860
R3: 1.5925
Support levels:
S1: 1.5685
S2: 1.5645
S3: 1.5575
Trading recommendations for today: Be careful when buying and watch for selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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