Day trading strategies on currency pair EURNZD 13-07-2016 by AzaForex forex broker, find the most beneficial tips about forex

Foreign exchange market knowledge for beginng traders.
The Euro is quite weak. After the Brexit, followed by the British pound, the Euro quotes have not been able to recover and slowly fall lower and lower. And if the pound could regain some lost ground, the Euro could not. In addition, New Zealand dollar strengthened and grows in relation to many currency pairs in the Forex market. In the graph currencies we can see that the downtrend did not do much or whether adequate attempts to change something, and flows down as a waterfall. Price twice approached the support level of 1.5100 and bounced up very sluggish. Most likely, a third approach of bears may lead to a breakthrough at this level and decrease the quotations even lower. To defent itself from falling down the currency pair can only smooth the level of 1.5000, and only because  of a flat rate, which has a greater psychological impact on the minds of traders and investors, rather than a technical attribute. It is possible that from the level of 1.5000 the price of the currency may be reduced even further, depending on the number of pending orders from forex brokers in the area of ​​this level.

The price is below a simple moving average 200 MA and 20 MA indicating bearish trend.
The MACD trend indicator is below zero level now, indicating bearish movement.
If the support level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Sell
•             The level of entry into short position 1.5110
•             The level of profit and close the position: 1.5000 (110 pips)
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.3340
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.1000
Possible bullish movement in the breakout of the resistance level 1345
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9900