Eur/Nzd

EUR/NZD

Resistance and Supporting

Resistance 1 - 1.6505
Resistance 2 - 1.6527
Resistance 3 - 1.6543

Supporting 1 - 1.6491
Supporting 2 - 1.6484
Supporting 3 - 1.6470

eur/nzd Technical analysis
Level of Resistance
1/ Resistance 1.6506
2/ Resistance 1.6525
3/ Resistance 1.6532
Level of Support
1/ Support 1.6498
2/ Support 1.6483
3/ Support 1.6470

Eur/Nzd

Bollinger Bands:sell
MACD:sell

Resistance and Supporting level is:

Pivot Point is : 1.6560

Resistance price is :

Resistance 1:1.6537
Resistance 2:1.6540
Resistance 3:1.6559

Supporting price is :

Supporting 1:1.6512
Supporting 2:1.6498
Supporting 3:1.6475

The pair continue fluctuating around pivotal support resistance at 1.7684 and 50% fibo.
4h chart the pair move in down trend .
If the price break short term up trend (1h) it will be a good sign to sell
Target :1.7405

EUR/NZD
As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for concern as the nation shifts away from export led growth, weakness in the Euro-Zone may cap any significant reversal.

Such is the case with the Aussie which saw steep declines last week amid volatile swings in global equities. Today�s reaction to French President Nicolas Sarkozy and German Chancellor Angela Merkel�s call for further European integration weighed on the euro as officials dismissed calls for the creation of a Euro Bond

Eur nzd is going down and we can have a sell trade on this pair

Support and resistance levels:-

S3 1.65327
S2 1.65121
S1 1.65006

R1 1.66542
R2 1.66791
R3 1.66900

If a M15 close above 1.7300 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1.7100 sell only and do not buy. If price closes back above it again do nothing

The range 1.7300 and 1.7100 is neutral area, any trade done in between is personal decision and not part of this analysis

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this is my analysis for EURNZD pair , hopefully it will be good & understandable and help you to earn good profit in trading.
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakout of the resistance level at 1.6563 and the pair will continue to go up to the next resistance level at 1.6584

Resistent1 : 1.6560
Resistent2 : 1.6582
Resistent3 : 1.6555
Support 1 : 1.6515
Support 2 : 1.6496
Support 3 : 1.6553

in my personal view this pair will be continue bullish trend, for intraday trading today I suggest BUY at the level 1.6558 , stop loss at the level 1.6503 target take profit at the level 1.6583

if market movement as my scenario, you can earn good profit and avoid much loss in your trading keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.