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EUR/NZD analysis for September 23, 2016

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Recently, EUR/NZD has been moving upwards. Like I expected, the price tested the level of 1.5464 in a high volume. EUR/NZD reached two targets from yesterday. On the 30M time frame and using market profile, I found strength in the Aisan and European sessions. I also found successful rejection from yesterday’s point of control at 1.5335. Be careful when selling and watch for buying opportunities. Upward target is set at the price of 1.5500 (round number and swing high).

Fibonacci Pivot Points:

Resistance levels

R1: 1.5375

R2: 1.5425

R3: 1.5510

Support levels:

S1: 1.5200

S2: 1.5150

S3: 1.5070

Trading recommendations for today: selling EUR/NZD at this stage looks risky. Watch for buying opportunities.

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

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EUR/NZD analysis for September 23, 2016 Reviewed by on . Recently, EUR/NZD has been moving upwards. Like I expected, the price tested the level of 1.5464 in a high volume. EUR/NZD reached two targets from yesterday. O Recently, EUR/NZD has been moving upwards. Like I expected, the price tested the level of 1.5464 in a high volume. EUR/NZD reached two targets from yesterday. O Rating:
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