Recently, EUR/NZD has been moving sideways at the price of 1.4943. I found a fake breakout of the support, which is a sign of strength. According to the 30M time frame, I found bullish divergence on a moving average oscilator. My advice is to watch for buying opportunities. Take profit levels are set at the price of 1.4995 and 1.5065. Using the market profile, I found a P-shape, which is a sign of strength.
Fibonacci Pivot Points:
Resistance levels
R1: 1.4980
R2: 1.5000
R3: 1.5040
Support levels:
S1: 1.4900
S2: 1.4875
S3: 1.4835
Trading recommendations for today: Watch for potential buying opportunties.
The material has been provided by InstaForex Company - www.instaforex.com