Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5495 in a high volume. The price reached our take profit level from yesterday at 1.5390 (Fibonacci expansion 161.8%) and I saw strong rejection from that point According to the 30M time frame, I found intraday upward trend and successful testing of supply in a low volume. Watch for buying opportunities on the dips. Take profit level is set at the price of 1.5550.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5505
R2: 1.5540
R3: 1.5600
Support levels:
S1: 1.5390
S2: 1.5355
S3: 1.5300
Trading recommendations for today: Watch buying opportunities on the dips.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5495 in a high volume. The price reached our take profit level from yesterday at 1.5390 (Fibonacci expansion 161.8%) and I saw strong rejection from that point According to the 30M time frame, I found intraday upward trend and successful testing of supply in a low volume. Watch for buying opportunities on the dips. Take profit level is set at the price of 1.5550.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5505
R2: 1.5540
R3: 1.5600
Support levels:
S1: 1.5390
S2: 1.5355
S3: 1.5300
Trading recommendations for today: Watch buying opportunities on the dips.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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