InstaForex - Analytics


    736.75 6.25/10
    62% of positive reviews

    EUR/NZD analysis for November 26, 2015


    Show full picture


    Show full picture


    Recently, EUR/NZD has been moving downwards. As I had expected, the price tested the level of 1.6083. The short-term trend has changed from neutral to downward. The major 22-day trading range support at the level of 1.6150 was finally broken. In the H4 time frame, our strong support area between the price of 1.6150-1.6240 now became strong resistance. Watch for potential selling opportunities. The support level is at the price of 1.6085.

    Fibonacci Pivot Points :

    Resistance levels:

    R1: 1.6230

    R2: 1.6265

    R3: 1.6325

    Support levels:

    S1: 1.6110

    S2: 1.6075

    S3: 1.6015

    Trading recommendations : Intraday selling opportunities are preferable. The first support level is at the price of 1.6085. According to the daily time frame, the profit level is at the price of 1.5720.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree