FX.co ★ EUR/NZD analysis for October 25, 2016

Recently, EUR/NZD has been moving upwards. On 30M time frame and using market profile, I found a strong point of control at the price of 1.5195. Watch for buying opportunities on the dips. Targets are set at the price of 1.5280. There is a broken downward channel in the background, which is another sign of strength.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5270

R2: 1.5295

R3: 1.5340

Support levels:

S1: 1.5180

S2: 1.5150

S3: 1.5110

Trading recommendations for today: Watch for potential buying opportunties.