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24.09.2015 04:09 PM
EUR/NZD : analysis for September 24, 2015

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Overview:

Recently, EUR/NZD has been moving sideways around the level of 1.7820. In the daily time frame, we can observe a demand bar in an average volume. The intraday trend is neutral. According to the H1 chart, strong support zone is found around the levels of 1,7700-1.7790. Be careful when selling at this stage since we may expect reaction from buyers. On the other hand, resistance is seen at the level of 1.7945-1.8000. I am neutral on EUR/NZD.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.7920

R2: 1.7995

R3: 1.8115

Support levels:

S1: 1.7640

S2: 1.7600

S3: 1.7480

Trading recommendations: The market is neutral. We can observe a very weak price action and neutral market around the level of 1.7800.

Summary
Urgency
Analytic
Petar Jacimovic
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