Euro rates fall dramatically in this pair that seemed to be headed to 1.5933 try to break this support. I think this movement will be successful and provide us a new lower here. If fail the price may going in sideway.
Euro rates fall dramatically in this pair that seemed to be headed to 1.5933 try to break this support. I think this movement will be successful and provide us a new lower here. If fail the price may going in sideway.
FROM ZERO TO HERO
IF YOU THINK YOU CAN, YOU CAN
In the pair back to the gap in price between 1.5933 to 1.6005. For now, I think the price will go up to 1.6005 to fill its gap and then rebounce again to 1.5933. I hope this scenario does not change. Good luck.
After breaking the downtrend at 1.5872 level, prices continue to rise up to 1.5895 but managed to rebounce. This indicates the influence of buyers are still weak and maybe just as a correction. So I expect the price could go down again to a level of 1.5850.
Having failed to continue its bullish trend and stopped by the resistance 1.6143, instantly changes the direction of the price to downtrend and I think the price will drop again down to try through 1.5900 support.
EURNZD
20 Mar. 2012
price1.6060
the price is moving at a channel , and now the price is at its middle
moving and other indicators refers to moving up to 23 fibo
so i guess there will be an up move today to 1.6130 , 1.6200
4H CHART
EURNZD.png
From my H1 chart looks bullish movement is very strong so it will be able to penetrate the 1.6100 resistance.
Although the price will be corrected only to the extent to 1.6045. High expect the bullish trend still continuing.
In today's trading resumed bullish on this pair. Due on 19 March that the price successful breakout the downtrend in the position of 1.5980. And after touching 1.6396i as ts highest level, prices tend to move rebounce and going flat with the wave formation. I expect that prices will come down for a while because I see this happening over bought condition.
On the H1 chart I see that price is still moving in the range 1.6215 to 1.6255. But I think the price will probably go down to the 1.6164 support again and if that fails then the price will probably rise to a level of 1.6280.
the price is move between to level 1.6311 and 1.6256 . now the price is bellow the resistance level at 1.6311 and close under it , so i think this pair will go to the support level at 1.6256 . good luck
as we can see there is a rise trend make already new bottom at 1.6215 nearly , i think it will go to 1.6345 to down again and make a new bottom
Posting Permissions
Reply With Quote
