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.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via EUR/NZD : analysis for September 24, 2015 . Thanks for your support.
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