FX.co ★ EUR/NZD analysis for September 13, 2016

Recently, EUR/NZD has been moving sideways at the price of 1.5330. According to the 30M time frame and using the market profile, I found rejection from point of control at the price of 1.5290. EUR/NZD is in upward trend and my advice is to watch for buying opportunities. The first upward take profit is set at the price of 1.5420 and the second take profit level is set at the price of 1.5490.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5380

R2: 1.5420

R3: 1.5474

Support levels:

S1: 1.5265

S2: 1.5230

S3: 1.5170

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