Recently, EUR/NZD has been moving sideways at the price of 1.5100. According to the 30M time frame and using the market profile, I found Friday's point of control at the price of 1.5080. The price is trading in an upward channel and my advice is to watch for potential buying opportunities. The first take profit level is set at the price of 1.5120. Anyway, if the price breaks the upward channel, watch for selling opportunities with the target at 1.5000.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5150
R2: 1.5175
R3: 1.5215
Support levels:
S1: 1.5070
S2: 1.5045
S3: 1.5000
Trading recommendations for today: Friday's point of control on the test. Watch for buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com