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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 26, 2016


Recently, EUR/NZD has been moving upwards. The pair tested the level of 1.6684 in a high volume. According to the 30M time frame, I found an upward trend and successful testing of supply at the price of 1.6575. Besides, I found successful rejection from SMA 50. Watch for buying opportunities. The level of 1.6600 looks like a good level to establish buying positions. Take profit level is set at the price of 1.6680.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.6575

R2: 1.6600

R3: 1.6650

Support levels:

S1: 1.6485

S2: 1.6475

S3: 1.6410

Trading recommendation for today: The trend is upward. Watch for buying opportunities on dips. Take profit level to be set at the price of 1.6680.

The material has been provided by InstaForex Company -