Recently, EUR/NZD has been moving sideways at the price of 1.5600. According to the 30M time frame, I found responsive reaction from sellers at the price of 1.5705, which confirmed a supply trend line. Using market profile I found that price broke yesterday's point of control at 1.5600. I am expecting lower price. The first take profit level is set at the price of 1.5540 and second take profit level is set at the price of 1.5455.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.5695
R2: 1.5735
R3: 1.5800
Support levels:
S1: 1.5565
S2: 1.5525
S3: 1.5460
Trading recommendations for today: Watch for selling opportunities on the pullbacks.
