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    EUR/NZD : analysis for April 08, 2015

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    Overview:

    In our last analysis, EUR/NZD was trading downwards. The price tested the level of 1.4253 in a high volume. Since the price has broken our Fibonacci retracement 38.2% (1.4380), we saw downward movement. Fibonacci retracement 61.8% at 1.4285 is tested now. If the price breaks the level of 1.4285 in a high volume, we may it testing the level of 1.4130 (swing low like support). Be careful when buying since we are in short-term bearish trend. Watch for selling opportunities after retracements.

    Daily Fibonacci pivot levels:

    Resistance levels:

    R1: 1.4514ed

    R2: 1.4554

    R3: 1.4618

    Support levels:

    S1: 1.4386

    S2: 1.4346

    S3: 1.4282

    Trading recommendations: Be careful when buying EUR/NZD and watch for potential selling opportunities after 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
    InstaForex Group © 2007-2015

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