Elliott Wave Ananlysis of EUR/NZD for July 19, 2017
July 19, 2017 9:08 am
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: Instaforex.com
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: Instaforex.com
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