InstaForex - Analytics


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    EUR/NZD analysis for June 30, 2016


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    Recently, EUR/NZD has been moving sideways at the price of 1.5600. According to the 30M time frame, I found responsive reaction from sellers at the price of 1.5705, which confirmed a supply trend line. Using market profile I found that price broke yesterday's point of control at 1.5600. I am expecting lower price. The first take profit level is set at the price of 1.5540 and second take profit level is set at the price of 1.5455.

    Fibonacci Pivot Points:

    Resistance levels:

    R1: 1.5695

    R2: 1.5735

    R3: 1.5800

    Support levels:

    S1: 1.5565

    S2: 1.5525

    S3: 1.5460

    Trading recommendations for today: Watch for selling opportunities on the pullbacks.

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