EUR/NZD analysis for August 26, 2016

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Recently, EUR/NZD has been moving sideways at the price of 1.5395. According to the 4H time frame, I found successful rejection from the resistance at the price of 1.5489. Watch for selling opportunities on the pullbacks. The key support level and the take profit level is set at the price of 1.5235.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5485

R2: 1.5520

R3: 1.5565

Support levels:

S1: 1.5390

S2: 1.5360

S3: 1.5310

Trading recommendations for today: Watch for selling opportunities.

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

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