FX.co ★ EUR/NZD analysis for October 26, 2016

Recently, EUR/NZD has been moving upwards. On 30M time frame and using market profile, I found a strong two days point of control at the price of 1.5190. Momentum is on bullish side. Watch for buying opportunities on the dips. Targets are set at the price of 1.5270 and 1.25840. There is a broken downward channel in the background, which is another sign of strength.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5260

R2: 1.5285

R3: 1.5325

Support levels:

S1: 1.5180

S2: 1.5155

S3: 1.5115

Trading recommendations for today: Watch for potential buying opportunties.