Elliott wave analysis of EUR/NZD for April 3, 2017
April 3, 2017 12:00 pm
Wave summary:
We continue to look for a more upside pressure in wave [v] toward at least 1.5570 and likely even closer to 1.5790 before the first impulsive rally from 1.4495 is complete. Longer-term we continue to look for much more upside closer to 2.0147, so we are only in the early stages of a new strong rally higher.
R3: 1.5388
R2: 1.5350
R1: 1.5305
Pivot: 1.5225
S1: 1.5150
S2: 1.5100
S3: 1.5050
Trading recommendation:
We are long EUR from 1.5235 with stop placed at 1.5050. If you are not long EUR yet, then buy a break above 1.5310 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 more upside pressure in wave [v] toward at least 1.5570 and likely even closer to 1.5790 before the first impulsive rally from 1.4495 is complete. Longer-term we continue to look for much more upside closer to 2.0147, so we are only in the early stages of a new strong rally higher.
R3: 1.5388
R2: 1.5350
R1: 1.5305
Pivot: 1.5225
S1: 1.5150
S2: 1.5100
S3: 1.5050
Trading recommendation:
We are long EUR from 1.5235 with stop placed at 1.5050. If you are not long EUR yet, then buy a break above 1.5310 and use the same stop.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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