Elliott wave analysis of EUR/NZD for December 7, 2016
December 7, 2016 6:16 am
Wave summary:
We continue to look for more upside towards 1.5266 and above here. It confirms that the ending diagonal completed with the test of 1.4737 and that a rally back to the origin of the ending diagonal at 1.5837 is developing.
Short-term support is seen near 1.4937.
Trading recommendation:
We are long EUR from 1.4750 with stop at break-even. If you are not long EUR yet, then buy EUR near 1.4937 and use the same stop at 1.4750
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
We continue to look for more upside towards 1.5266 and above here. It confirms that the ending diagonal completed with the test of 1.4737 and that a rally back to the origin of the ending diagonal at 1.5837 is developing.
Short-term support is seen near 1.4937.
Trading recommendation:
We are long EUR from 1.4750 with stop at break-even. If you are not long EUR yet, then buy EUR near 1.4937 and use the same stop at 1.4750
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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