MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

EUR/NZD analysis for December 14, 2015

EURNZDM30.png14.png

EURNZDDaily.png14.png

Overview:

Recently, EUR/NZD has been moving downwards. The price tested the level of 1.6234. In the background, the price went down in an ultra-high volume (selling climax), so trading around the level of 1.6180 looks very risky. I saw rejection from Fibonacci retracement 61.8% at the level of 1.6255. We may see potential retesting of 1.6560 during the next period. Selling looks very risky.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.6430

R2: 1.6500

R3: 1.6615

Support levels:

S1: 1.6210

S2: 1.6140

S3: 1.6030

Trading recommendations : Selling EUR/NZD at this stage looks very risky since the price is testing the major support cluster. Watch for potential buying opportunities on dips.

The material has been provided by InstaForex Company - www.instaforex.com