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Elliott Wave Ananlysis of EUR/NZD for July 25, 2017

Posted On 25 Jul 2017
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Wave summary:

The range-trading continues here. We continue to look for a break above minor resistance at 1.5780 and more importantly a break above resistance at 1.5899 that confirms continuation higher to 1.6236 and above.

Only an unexpected break below 1.5419 will delay the expected rally higher.

Trading recommendation:

We are long EUR from 1.5510 with stop placed at 1.5410. If you are not long EUR yet, then buy a break above 1.5780 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 25, 2017

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