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    EUR/NZD : analysis for January 02, 2015


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    In our last analysis, EUR/NZD was trading upwards. The price tested the level of 1.5575 in a volume above the average. According to the H4 time frame, we can see weak supply in the background, which caused price to start with upwrad movement. We have resistance levels at the price of 1.5645-1.5710. My advice is to watch for potential buying opportunities with profit targets around our resistance levels. Daily Fibonacci pivot levels: Resistance levels: R1: 1.5534 R2: 1.5550 R3: 1.5574 Support levels: S1: 1.5486 S2: 1.5470 S3: 1.5446 Trading recommendations: Be careful when selling the EUR/NZD pair at this stage, since we can observe supply in a low volume.

    Petar Jacimovic neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
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