FX.co ★ EUR/NZD analysis for December 07, 2016

Recently, EUR/NZD has been moving downwrads. The price tested the level of 1.5003 in a low volume. I found a trading range between the price of 1.5008 (support) and the price of 1.5155 (resistance). Using the market profile on the 30M time frame, I found today's point of control at the price of 1.5048. It seems like that price around 1.5010 looks like unfair price today and I expect higher price. Watch for potential buying opportunities. Targets are set at the price of 1.5050 and 1.5080.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5130

R2: 1.5160

R3: 1.5215

Support levels:

S1: 1.5020

S2: 1.4990

S3: 1.4935

Trading recommendations for today: Consider buying opportunities.