Elliott Wave Ananlysis of EUR/NZD for July 17, 2017

analytics596c89be2b2cf.png

Wave summary:

After the spike down to 1.5419, we are looking for a new rally to and above resistance at 1.5899 for a continuation to 1.6236 and even higher longer-term.

Support is now seen at 1.5419 and is expected to be able to protect the downside.

Trading recommendation:

We are long EUR from 1.5510 with stop placed at 1.5410. Buy near 1.5419 if possible and use a close stop at 1.5410.

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

Source:: Elliott Wave Ananlysis of EUR/NZD for July 17, 2017

InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply

*