EUR/NZD Analysis for June 30, 2016

EUR/NZD Analysis for June 30, 2016

30 June 2016, 16:16
Roberto Jacobs
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EUR/NZD Analysis for June 30, 2016


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Recently, EUR/NZD has been moving sideways at the price of 1.5600. According to the 30M time frame, I found responsive reaction from sellers at the price of 1.5705, which confirmed a supply trend line. Using market profile I found that price broke yesterday's point of control at 1.5600. I am expecting lower price. The first take profit level is set at the price of 1.5540 and second take profit level is set at the price of 1.5455.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.5695

R2: 1.5735

R3: 1.5800

Support levels:

S1: 1.5565

S2: 1.5525

S3: 1.5460

Trading recommendations for today: Watch for selling opportunities on the pullbacks.


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