LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

EURNZD reversed from 1.73000 support area ; Likely to rise to 1.75000

EURNZD recently reversed up from the support area lying between the key support level 1.7300 (which was set as the likely sell target in our earlier forecast for this currency pair), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse (i) from the middle of September. The upward reversal from this support area continues the impulse waves 3 and (iii). Given the moderate negative sentiment affecting the New Zealand Dollar at the moment, EURNZD is likely to rise further toward the next resistance level 1.7500.

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.