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    EUR/NZD analysis for April 02, 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 1.4537 in an average volume. The price has broken our resistance level at the 1.4500. According to the price action on the H4 time frame, we can observe demand in an average volume. The short-term trend is bullish. My advice is to watch for potential buying opportunities on the dips. The first strong resistance level is around the price of 1.4580-1.4640.

    Daily Fibonacci pivot levels:

    Resistance levels:

    R1: 1.4504

    R2: 1.4543

    R3: 1.4606

    Support levels:

    S1: 1.4378

    S2: 1.4339

    S3: 1.4276

    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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