Recently, EUR/NZD has been moving downward. As I expected, the price tested the level of 1.5206 in an average volume. On the 30M time frame, I found a point of control for today at 1.5254 using the market profile. The intraday trend is downward. Watch for selling opportunities. First downward take profit is set at the 1.5080 level.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5355
R2: 1.5385
R3: 1.5435
Support levels:
S1: 1.5255
S2: 1.5225
S3: 1.5175
Trading recommendations for today: buying EUR/NZD at this stage looks risky. Watch for selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com