Elliott wave analysis of EUR/NZD for March 14, 2017
March 14, 2017 2:45 pm
Wave summary:
The expected correction towards 1.5116 finally looks to be unfolding. Once this correction is complete, more upside pressure towards 1.5764 and 1.6064 will be expected. Longer term, much more upside to above the 2015 high at 1.9023 remains expected.
R3: 1.5658
R2: 1.5520
R1: 1.5456
Pivot 1.5365
S1: 1.5314
S2: 1.5266
S3: 1.5190
Trading recommendation:
We will buy EUR at 1.5145.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
The expected correction towards 1.5116 finally looks to be unfolding. Once this correction is complete, more upside pressure towards 1.5764 and 1.6064 will be expected. Longer term, much more upside to above the 2015 high at 1.9023 remains expected.
R3: 1.5658
R2: 1.5520
R1: 1.5456
Pivot 1.5365
S1: 1.5314
S2: 1.5266
S3: 1.5190
Trading recommendation:
We will buy EUR at 1.5145.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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