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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 25, 2016


Recently, EUR/NZD has been moving downwards. As I expected, the pair tested the level of 1.6459 in a high volume. My downward target at the price of 1.6560 has been reached. The supply is still strong and the volume is high. According to the 1H time frame, I placed Fibonacci expansion to find potential downward targets and got Fibonacci expansion 61.8% at the price of 1.6435 and Fibonacci expansion 100% at the price of 1.6270.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.6660

R2: 1.6705

R3: 1.6775

Support levels:

S1: 1.6520

S2: 1.6475

S3: 1.6405

Trading recommendation for today: Be careful when buying and watch for selling opportunities.

The material has been provided by InstaForex Company -