Elliott wave analysis of EUR/NZD for March 2, 2018


Wave summary:

There is not really anything new to say here. We continue to look for a continuation higher through the resistance at 1.6960 and 1.6999 for a continuation towards 1.7094 and 1.7470 as the next upside targets.

Short-term support is seen at 1.6867 and again at 1.6809.

R3: 1.7094

R2: 1.6999

R1: 1.6960

Pivot: 1.6900

S1: 1.6867

S2: 1.6809

S3: 1.6778

Trading recommendation:

We are long EUR from 1.6790 with stop placed at break-even.

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

Source:: Elliott wave analysis of EUR/NZD for March 2, 2018

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