FX.co ★ EUR/NZD : analysis for September 28, 2015

Overview:

Recently, EUR/NZD has been moving downwards. As we expected, the price tested the level of 1.7451. In the daily time frame, we can observe a supply bar in an average volume. The intraday trend is neutral. According to the M15 chart, we can see weaknesses around our point of control zone (1.7625), so be careful when buying EUR/NZD at this stage, since we may expect more downward movement. We have support at the level of 1.7455. Watch for potential selling opportunities around 1.7625.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.7705

R2: 1.7770

R3: 1.7875

Support levels:

S1: 1.7495

S2: 1.7435

S3: 1.7330

Trading recommendations: Be careful when buying and watch for potential selling opportunities.