Recently, EUR/NZD has been moving downwards. The price tested the level of 1.4905 in a high volume. According to the 30M time frame and using the market profile. I found yesterday's point of control at the price of 1.5048. I also found absorption volume and the price is trading above 21SMA. Be careful when selling EUR/NZD and watch for buying opporutnities. First upward target is set at the price of 1.5048.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5050
R2: 1.5080
R3: 1.5110
Support levels:
S1: 1.5000
S2: 1.4980
S3: 1.4950
Trading recommendations for today: Consider buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com