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    EUR/NZD analysis for March 17, 2015


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    In our last analysis EUR/NZD was trading upwards. The price has tested the level of 1.4509 in a high volume. We can observe testing of our Fibonacci retracement 38.2% at the price of 1.4490. The mid-term trends are bearish and my advice is to watch for potential selling opportunities after corrections. I found resitance about the price of 1.4560 (swing low like resistance). My advice is to be careful when buying and to watch for potential selling opportunities after retracement.

    Daily Fibonacci pivot levels:

    Resistance levels:

    R1: 1.4353

    R2: 1.4376

    R3: 1.4413

    Support levels:

    S1: 1.4278

    S2: 1.4256

    S3: 1.4219

    Trading recommendations: Be careful when buying at this stage and watch for potential selling opportunities after a retracement (after bullish correction).

    Petar Jacimovic neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
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