Recently, EUR/NZD has been moving upwards. On 30M time frame and using market profile, I found a strong two days point of control at the price of 1.5190. Momentum is on bullish side. Watch for buying opportunities on the dips. Targets are set at the price of 1.5270 and 1.25840. There is a broken downward channel in the background, which is another sign of strength.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5260
R2: 1.5285
R3: 1.5325
Support levels:
S1: 1.5180
S2: 1.5155
S3: 1.5115
Trading recommendations for today: Watch for potential buying opportunties.
The material has been provided by InstaForex Company - www.instaforex.com