Recently, EUR/NZD has been moving sideways at the price of 1.5050. My yesterday's analysis is still valid. Using the market profile on the 15M time frame, the fairest price stands at the level of 1.5037. Besides, I found a trading range between the price of 1.4997 (support) and the price of 1.5056. Watch for a breakout to confirm further direction. If the price breaks upwards, the target will be set at the price of 1.5125. If the price breaks lower, the target will be set at the price of 1.4925.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5070
R2: 1.5090
R3: 1.5115
Support levels:
S1: 1.5015
S2: 1.4995
S3: 1.4965
Trading recommendations for today: Watch for a potential breakout to confirm further direction.
