Recently, EUR/NZD has been moving sideways at the price of 1.5280. On 30M time frame and using the market profile, I found a neutral profile but with weakness in the background. I placed Fibonacci expansion to find potential downward target points. I got Fibonacci expansion 100% at the price of 1.5240 and Fibonacci expansion 161.8% at the price of 1.5185. Watch for selling opportunities on the pullbacks.
Fibonacci Pivot Points:
Trading recommendations for today: Watch for potential selling opportunities on the pullbacks.
The material has been provided by InstaForex Company – www.instaforex.com