EUR/NZD analysis for September 20, 2016

Recently, EUR/NZD has been moving downward. As I expected, the price tested the level of 1.5206 in an average volume. On the 30M time frame, I found a point of control for today at 1.5254 using the market profile. The intraday trend is downward. Watch for selling opportunities. First downward take profit is set at the 1.5080 level.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5355

R2: 1.5385

R3: 1.5435

Support levels:

S1: 1.5255

S2: 1.5225

S3: 1.5175

Trading recommendations for today: buying EUR/NZD at this stage looks risky. Watch for selling opportunities.