Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5107 in a high volume. Using the market profile on 30M time frame, I found that price is trying to visit the level of 1.5127 (a strong point of control in the background). The price is trading above 21SMA and above the previous swing highs. My advice is to watch for buying opportunities. The upward target is set at the price of 1.5127-1.5150.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5070
R2: 1.5085
R3: 1.5105
Support levels:
S1: 1.5030
S2: 1.5015
S3: 1.4995
Trading recommendations for today: Watch for buying opportunities on the dips.
The material has been provided by InstaForex Company – www.instaforex.com
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