Elliott wave analysis of EUR/NZD for June 21, 2017
June 21, 2017 5:53 am
Wave summary:
Wave ii/ is still holding below the resistance line, which has moved lower to 1.5446 and a break above here will be the first good indication that wave ii/ finally has completed and wave iii/ higher to above 1.6232 is developing.
A break above resistance at 1.5564 will confirm the low in wave ii/.
R3: 1.5564
R2: 1.5484
R1: 1.5446
Pivot: 1.5400
S1: 1.5380
S2: 1.5302
S3: 1.5250
Trading recommendation:
We will buy a break above 1.5446
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
Wave ii/ is still holding below the resistance line, which has moved lower to 1.5446 and a break above here will be the first good indication that wave ii/ finally has completed and wave iii/ higher to above 1.6232 is developing.
A break above resistance at 1.5564 will confirm the low in wave ii/.
R3: 1.5564
R2: 1.5484
R1: 1.5446
Pivot: 1.5400
S1: 1.5380
S2: 1.5302
S3: 1.5250
Trading recommendation:
We will buy a break above 1.5446
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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