Recently, EUR/NZD has been moving sideways around the price of 1.5170. Using the market profile in the 15M time frame, I found a strong point of control from the background at the price of 1.5455. The price was rejected from the swing high at the level of 1.5190. Watch for potential selling opportunities. Targets are set at the prices of 1.5145, 1.5090, and 1.5050.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5150
R2: 1.5200
R3: 1.5250
Support levels:
S1: 1.5050
S2: 1.5025
S3: 1.4960
Trading recommendations for today: Watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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