EUR/NZD remain locked inside the 1.5500 – 1.5710 range and only a clear break out of this range will call for the next larger move. We continue to prefer a break towards the upside for a rally higher towards 1.6232 and above.
R3: 1.5931
R2: 1.5801
R1: 1.5710
Pivot: 1.5605
S1: 1.5500
S2: 1.5450
S3: 1.5400
Trading recommendation:
We are long EUR from 1.5645 with stop placed at 1.5210. If you are not long EUR yet, then buy a break above 1.5710 and place a stop at 1.5450.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
EUR/NZD remain locked inside the 1.5500 – 1.5710 range and only a clear break out of this range will call for the next larger move. We continue to prefer a break towards the upside for a rally higher towards 1.6232 and above.
R3: 1.5931
R2: 1.5801
R1: 1.5710
Pivot: 1.5605
S1: 1.5500
S2: 1.5450
S3: 1.5400
Trading recommendation:
We are long EUR from 1.5645 with stop placed at 1.5210. If you are not long EUR yet, then buy a break above 1.5710 and place a stop at 1.5450.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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