Recently, EUR/NZD has been moving sideways at the price of 1.5250. According to the 30M time frame, I found 2 fractals today. Up fractal at the price of 1.5262 and down fractal at the price of 1.5230. My advice is to place a pending order (buy stop) at the price of 1.5262 with stop loss at the price of 1.5215. The upward target is set at the price of 1.5305. You can also place a pending order (sell stop) at the price of 1.5230 and stop loss at 1.5262 and a target at 1.5155.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5360
R2: 1.5390
R3: 1.5440
Support levels:
S1: 1.5250
S2: 1.5225
S3: 1.5170
Trading recommendations for today: Buy if the price reach 1.5262 and sell if the price reach the 1.5230.
The material has been provided by InstaForex Company – www.instaforex.com
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