Elliott wave analysis of EUR/NZD for June 26, 2017
June 26, 2017 6:44 am
Wave summary:
We continue to look for a break above minor resistance at 1.5504 as indication that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing.
Short-term support is seen at 1.5279, which should to be able to protect the downside for the expected break above 1.5504 for a rally to 1.59314 and higher.
R3: 1.5633
R2: 1.5564
R1: 1.5504
Pivot:
1.5420
S1: 1.5331
S2: 1.5279
S3: 1.5255
Trading recommendation:
We are long EUR from 1.5446 with stop placed at 1.5246. If you are not long EUR yet, then buy a break above 1.5504 and use the same stop at 1.5246.
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 1.5504 as indication that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing.
Short-term support is seen at 1.5279, which should to be able to protect the downside for the expected break above 1.5504 for a rally to 1.59314 and higher.
R3: 1.5633
R2: 1.5564
R1: 1.5504
Pivot:
1.5420
S1: 1.5331
S2: 1.5279
S3: 1.5255
Trading recommendation:
We are long EUR from 1.5446 with stop placed at 1.5246. If you are not long EUR yet, then buy a break above 1.5504 and use the same stop at 1.5246.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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