Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5126 in a high volume. According to the 30M time frame and using the market profile, I found yesterday’s point of control at the price of 1.5060. I found broken 3-day balance, which is a sign that the market is ready for higher price. My advice is to wait for potential buying opportunities on the dips. Targets are set at the price of 1.5165 and 1.5215. In case the pair can’t keep upward momentum, the price may test the level of 1.5000.
Fibonacci Pivot Points:
Trading recommendations for today: Watch for buying opporutnities due to a breakout of a trading range in the background.
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