InstaForex - Analytics


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    EUR/NZD analysis for July 01, 2016


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    Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.5466 in a high volume. According to the 30M time frame, I found response from sellers at the price of 1.5536 (yesterday's point of control); sellers are in control over the market. Watch for selling opportunities on pullbacks. The next downward take profit level is set at the price of 1.5450.

    Fibonacci Pivot Points:

    Resistance levels:

    R1: 1.5670

    R2: 1.5720

    R3: 1.5805

    Support levels:

    S1: 1.5500

    S2: 1.5445

    S3: 1.5360

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