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Old 25-09-2015, 15:56
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Default Re: Daily technical analysis of EUR/NZD By INSTAFOREX

Technical summary:
We are still locked within the larger range between 1.7466 - 1.8000. We expect a final decline closer to the 1.7466 low before then next impulsive rally to above 1.8000 for a continuation higher to 1.8683. In the short term, a break below support at 1.7583
will confirm the move closer to strong support near 1.7466 from where the next impulsive rally should take off.

Trading recommendation:
We have place a EUR buy-order at 1.7475 and one upon a break above 1.7775. One order done cancels the other.

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