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EUR/NZD analysis for July 19, 2016

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Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5768 in the average volume. My second upward target at the price of 1.5700 has been reached. Anyway, sellers came in to the market and I found a change in the trend behavior from bullish to bearish. Be careful when buying at this stage and watch for selling opportunities. Targets are set at the price of 1.5635 and 1.5545.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.5620

R2: 1.5670

R3: 1.5750

Support levels:

S1: 1.5460

S2: 1.5410

S3: 1.5330

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

The material has been provided by InstaForex Company – www.instaforex.com

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EUR/NZD analysis for July 19, 2016 Reviewed by on . Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5768 in the average volume. My second upward target at the price of 1.5700 has been r Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5768 in the average volume. My second upward target at the price of 1.5700 has been r Rating:
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