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Elliott wave analysis of EUR/NZD for March – 2017

Posted On 15 Mar 2017
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Wave summary:

The expected correction toward support seen at 1.5145 is well underway. From this support or upon a direct break above 1.5432 further upside toward 1.5677 and possibly even closer to 1.5837 will be expected.

R3: 1.5443

R2: 1.5370

R1: 1.5315

Pivot: 1.5300

S1: 1.5275

S2: 1.5215

S3: 1.5145

We will buy EUR at 1.5155 or upon a break above resistance seen at 1.5432.

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

Source:: Elliott wave analysis of EUR/NZD for March – 2017

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