Recently, EUR/NZD has been moving sideways at the price of 1.5060. I found a trading range between the price of 1.5008 (support) and the price of 1.5155 (resistance). Using the market profile on the 30M time frame, I found today's point of control at the price of 1.5060. Watch for a breakout of the trading range to confirm further direction. The downward target is set at the price of 1.4945 and the upward target is set at the price of 1.5225.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5130
R2: 1.5220
R3: 1.5360
Support levels:
S1: 1.4850
S2: 1.4760
S3: 1.4620
Trading recommendations for today: Watch for a breakout of the trading range to confirm further direction.
