Recently, EUR/NZD has been moving sideways at the price of 1.5140. Using the market profile, I found yesterday’s point of control at 1.5115 on the 30M time frame. There is absorption volume in the background. My advice is to watch for buying opportunities on dips. Upward targets are set at the price of 1.5185 and 1.5230. Anyway, if the price go lower, EUR/NZD may re-test the level of 1.5100.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5160
R2: 1.5185
R3: 1.5225
Support levels:
S1: 1.5080
S2: 1.5050
S3: 1.5010
Trading recommendations for today: watch for buying 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 1.5140. Using the market profile, I found yesterday’s point of control at 1.5115 on the 30M time frame. There is absorption volume in the background. My advice is to watch for buying opportunities on dips. Upward targets are set at the price of 1.5185 and 1.5230. Anyway, if the price go lower, EUR/NZD may re-test the level of 1.5100.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5160
R2: 1.5185
R3: 1.5225
Support levels:
S1: 1.5080
S2: 1.5050
S3: 1.5010
Trading recommendations for today: watch for buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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