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    EUR/NZD : analysis for April 20, 2015

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    Overview:

    Recently, EUR/NZD has been trading downwards. The price tested the level of 1.3944. Our Fibonacci expansion 100% at the level of 1.4025 is broken.The short-term trend is bearish. Be careful when buying and watch for potential selling opportunities after corrections. We may see possible testing of the level at 1.3715 (Fibonacci expansion 161.8%). According to the H4 time frame, we can observe a supply in a average volume. Selling positions are preferable.

    Fibonacci Pivot Points:

    Resistance levels:

    R1: 1.4080

    R2: 1.4100

    R3: 1.4140

    Support levels:

    S1: 1.4007

    S2: 1.3985

    S3: 1.3950

    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
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