Recently, EUR/NZD has been moving upwards. On 30M time frame and using market profile, I found a strong point of control at the price of 1.5195. Watch for buying opportunities on the dips. Targets are set at the price of 1.5280. There is a broken downward channel in the background, which is another sign of strength.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5270
R2: 1.5295
R3: 1.5340
Support levels:
S1: 1.5180
S2: 1.5150
S3: 1.5110
Trading recommendations for today: Watch for potential buying opportunties.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, EUR/NZD has been moving upwards. On 30M time frame and using market profile, I found a strong point of control at the price of 1.5195. Watch for buying opportunities on the dips. Targets are set at the price of 1.5280. There is a broken downward channel in the background, which is another sign of strength.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5270
R2: 1.5295
R3: 1.5340
Support levels:
S1: 1.5180
S2: 1.5150
S3: 1.5110
Trading recommendations for today: Watch for potential buying opportunties.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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