FX.co ★ EUR/NZD analysis for January 09, 2017

Recently, EUR/NZD has been moving sideways at the price of 1.5100. According to the 30M time frame and using the market profile, I found Friday's point of control at the price of 1.5080. The price is trading in an upward channel and my advice is to watch for potential buying opportunities. The first take profit level is set at the price of 1.5120. Anyway, if the price breaks the upward channel, watch for selling opportunities with the target at 1.5000.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5150

R2: 1.5175

R3: 1.5215

Support levels:

S1: 1.5070

S2: 1.5045

S3: 1.5000

Trading recommendations for today: Friday's point of control on the test. Watch for buying opportunities.