Recently, EUR/NZD has been moving sideways at the price of 1.5190. According to the 30M time frame, I found an absorption volume in the background and changing in intraday trend behaivor from bearish to bullish. Be careful when selling EUR/NZD at this stage. My advice is to watch for potential buying opportunities on the dips. First take profit level is set at the price of 1.5235 and second take profit level at 1.5260.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5240
R2: 1.5275
R3: 1.5330
Support levels:
S1: 1.5135
S2: 1.5100
S3: 1.5050
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 sideways at the price of 1.5190. According to the 30M time frame, I found an absorption volume in the background and changing in intraday trend behaivor from bearish to bullish. Be careful when selling EUR/NZD at this stage. My advice is to watch for potential buying opportunities on the dips. First take profit level is set at the price of 1.5235 and second take profit level at 1.5260.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5240
R2: 1.5275
R3: 1.5330
Support levels:
S1: 1.5135
S2: 1.5100
S3: 1.5050
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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