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    EUR/NZD : analysis for March 27, 2015

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    Overview:

    In our last analysis, EUR/NZD was trading downwards. As we expected, the price has tested the level of 1.4278 in a high volume. The price found support around the level of 1.4280 (close to Fibonacci retracement 61.8%). We can observe potential re-testing of downward channel, which may lead to further upward movement. My advice is to watch for potential buying opportunities after a retracement. The resistance level is seen around 1.4490.

    Daily Fibonacci pivot levels:

    Resistance levels:

    R1: 1.4444

    R2: 1.4486

    R3: 1.4554

    Support levels:

    S1: 1.4308

    S2: 1.4266

    S3: 1.4198

    Trading recommendations: Be careful when selling at this stage and watch for potential buying 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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