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    EUR/NZD analysis for April 01, 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 1.4519 in a high volume. The price found resistance at the level of 1.4500. The short-term trend is bullish. According to the price action on 4H time frame, we can observe a supply in a weak volume. My advice is to watch for potential buying opportunities on the dips. If the price breaks the level of 1.4500 in a high volume, we will have the resistance level of 1.4580.

    Daily Fibonacci pivot levels:

    Resistance levels:

    R1: 1.4434

    R2: 1.4469

    R3: 1.4526

    Support levels:

    S1: 1.4320

    S2: 1.4285

    S3: 1.4228

    Trading recommendations: Be careful when selling and watch for potential buying opportunities on the dips


    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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