Elliott Wave Ananlysis of EUR/NZD for July 11, 2017
July 11, 2017 9:32 am
Wave summary:
Finally, we have seen a break above resistance at 1.5712, which confirms continuation higher towards the next upside target near 1.6232 and above. Support is now seen at the former resistance at 1.5712 which now has switched to support.
Trading recommendation:
We are long EUR from 1.5645 and will move our stop higher to 1.5575. If you are not long EUR yet, then buy near 1.5712 and use the same stop.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
Finally, we have seen a break above resistance at 1.5712, which confirms continuation higher towards the next upside target near 1.6232 and above. Support is now seen at the former resistance at 1.5712 which now has switched to support.
Trading recommendation:
We are long EUR from 1.5645 and will move our stop higher to 1.5575. If you are not long EUR yet, then buy near 1.5712 and use the same stop.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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