Recently, EUR/NZD has been moving sideways at the price of 1.5120. According to the 30M time frame and using the market profile, I found yesterday’s point of control at the price of 1.5120. There is potential double top formation and my advice is to be careful when buying EUR/NZD at this stage. Watch for potential selling opportunities. A potential downward target is set at the price of 1.5030.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5125
R2: 1.5150
R3: 1.5195
Support levels:
S1: 1.5035
S2: 1.5008
S3: 1.4965
Trading recommendations for today: Friday’s point of control on the test. 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 1.5120. According to the 30M time frame and using the market profile, I found yesterday’s point of control at the price of 1.5120. There is potential double top formation and my advice is to be careful when buying EUR/NZD at this stage. Watch for potential selling opportunities. A potential downward target is set at the price of 1.5030.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5125
R2: 1.5150
R3: 1.5195
Support levels:
S1: 1.5035
S2: 1.5008
S3: 1.4965
Trading recommendations for today: Friday’s point of control on the test. Watch for selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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