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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 June 17, 2016


Recently, EUR/NZD has been moving sideways at the price of 1.5960. According to 30M time frame, I found a successful test of supply trendline. The trend is downward. My advice is to watch for selling opportunities since the price successful tested the supply trendline. The first take profit level is set at the price of 1.5840.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.6015

R2: 1.6050

R3: 1.6120

Support levels:

S1: 1.5885

S2: 1.5845

S3: 1.5780

Trading recommendations for today: Watch for selling opportunities on pullbacks since I found a successful test of the supply trendline.

The material has been provided by InstaForex Company -