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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/NZD analysis for October 25, 2016

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Recently, EUR/NZD has been moving upwards. On 30M time frame and using market profile, I found a strong point of control at the price of 1.5195. Watch for buying opportunities on the dips. Targets are set at the price of 1.5280. There is a broken downward channel in the background, which is another sign of strength.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5270

R2: 1.5295

R3: 1.5340

Support levels:

S1: 1.5180

S2: 1.5150

S3: 1.5110

Trading recommendations for today: Watch for potential buying opportunties.

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