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Elliott Wave Ananlysis of EUR/NZD for July 19, 2017

Posted On 19 Jul 2017
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Wave summary:

We continue to look for a break above minor resistance at 1.5899 that should provide upside acceleration towards 1.6236 and higher. Short-term support is now seen at 1.5613 and important support is seen at 1.5419, which must protect the downside.

Trading recommendation: We are long EUR from 1.5510 with stop placed at 1.5410. If you are not long EUR yet, then buy near 1.5613 or upon a break above 1.5899 and use the same stop.

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

Source:: Elliott Wave Ananlysis of EUR/NZD for July 19, 2017

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