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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.



Expert In



EUR/NZD analysis for May 18, 2016

Recently, EUR/NZD has been moving sideways at the price of 1.6655. According to the 4H time frame, I found that strength came in at the price of 1.6548. A bearish bar is in an ultra-high volume, but closed in the middle. That is a sign of strength. Watch for buying opportunities on dips. Upward targets are set at the prices of 1.6750 and 1.6920. Anyway, if the price breaks the level of 1.6548, we may see downward movements.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.6675

R2: 1.6710

R3: 1.6765

Support levels:

S1: 1.6560

S2: 1.6525

S3: 1.6470

Trading recommendation for today: Watch for buying opportunities on dips.

The material has been provided by InstaForex Company -