Recently, EUR/NZD has been moving sideways at the price of 1.5310. On 15M time frame and using the market profile, I found intraday weakness and potential distibution, which is sign that EUR/NZD may go lower. Today's point of control is set at the price of 1.5333 and the price rejected successfuly. Watch for selling opportunities on the pullbacks. First downward station is set at the price of 1.5260.
Fibonacci Pivot Points:
Resistance levels
R1: 1.5350
R2: 1.5380
R3: 1.5420
Support levels:
S1: 1.5275
S2: 1.5250
S3: 1.5210
Trading recommendations for today: Watch for potential selling opportunities on the pullbacks.