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    EUR/NZD analysis for March 26, 2015

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    Overview:

    In our last analysis, EUR/NZD was trading upwards. As we expected, the price has tested the level of 1.4491 in a high volume. The short-term trend changed from bearish to neutral. We can observe reaction from our Fibonacci retracement 61.8% at the price of 1.4440. According to the M15 time frame, we have a buying climax in the background which is a sign that buying looks risky. My advice is to watch for potential selling opportunities after a retracement. Anyway, if the price breaks the level of 1,4440 in a high volume, we may see potential testing of the level of 1.4550.

    Daily Fibonacci pivot levels:

    Resistance levels:

    R1: 1.4444

    R2: 1.4492

    R3: 1.4569

    Support levels:

    S1: 1.4290

    S2: 1.4242

    S3: 1.4165

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


    Petar Jacimovic neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
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