Elliott wave analysis of EUR/NZD for June 12, 2017
June 12, 2017 6:55 amVideo
Latest News
- GBP/USD: trading plan for the US session on April 5th (analysis of morning deals) April 7, 2024
- EUR/USD: trading plan for the US session on April 5th (analysis of morning deals). The euro hit 1.0842 April 7, 2024
- Analysis and trading tips for USD/JPY on April 5 (US session) April 7, 2024
- Analysis and trading tips for GBP/USD on April 5 (US session) April 7, 2024
- Analysis and trading tips for EUR/USD on April 5 (US session) April 7, 2024
- EUR/USD: ECB may get ahead of the Fed April 7, 2024
- Video market update for April 05, 2024 April 7, 2024
- XAU/USD: what are odds of further growth after US NFPs April 7, 2024
- Forecast for EUR/USD pair on April 5, 2024 April 7, 2024
- GBP/USD. April 5th. Will Nonfarm Payrolls help the dollar? April 7, 2024
- Can Q1 earnings season refuel the equity market rally? – Stock Markets April 7, 2024
- Why is gold defying gravity? – Special Report April 7, 2024
- RBNZ may start laying groundwork for a rate cut – Preview April 7, 2024
- Week Ahead – ECB decision and US inflation to fuel FX volatility April 7, 2024
- Technical Analysis – GBPUSD loses steam above uptrend line April 7, 2024
- Technical Analysis – EURUSD trims earlier gains as clock ticks down to NFP April 7, 2024
- Market Comment – Fed hawks spook markets ahead of NFP April 7, 2024
- Technical Analysis – GBPJPY trades lower ahead of key market events April 7, 2024
- Technical Analysis – USDCAD ticks higher within ascending channel April 7, 2024
- Forex forecast 04/05/2024: EUR/USD, GBP/USD, SP500 and Bitcoin from Sebastian Seliga April 7, 2024
Wave summary:
We continue to look for confirmation that the wave ii has completed in form of a break above the resistance line near 1.5685 and more importantly a break above resistance at 1.5720. Once this resistance is broken, renewed upside pressure will be expected towards 1.6002 on the way higher to 1.6655.
R3: 1.5931
R2: 1.5796
R1: 1.5671
Pivot: 1.5600
S1: 1.5491
S2: 1.5439
S3: 1.5369
Trading recommendation:
We are long EUR from 1.5540 with stop placed at 1.5340. If you are not long EUR yet, then buy upon a break above 1.5671 and place stop at 1.5430.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: