Elliott wave analysis of EUR/NZD for March – 2017


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

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

Leave a Reply