InstaForex - Analytics

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    EUR/NZD analysis for November 26, 2015

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    Overview:

    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.


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