You are here: Home > articles > Elliott Wave > Elliott wave analysis of EUR/NZD for October 11, 2016
Elliott wave analysis of EUR/NZD for October 11, 2016
October 11, 2016 12:24 pmVideo
Latest News
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
- Will US retail sales add juice to the dollar’s rally? – Preview April 12, 2024
- Technical Analysis – GBPUSD outlook worsens after rapid fall April 12, 2024
- Market Comment – Dollar pulls back; ECB sends clearer cut signals April 12, 2024
- Hot forecast for EUR/USD on April 12, 2024 April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 April 12, 2024
- Technical Analysis – USDCAD reaches new 2024 high; could this move continue? April 12, 2024
- Forecast for EUR/USD on April 12, 2024 April 12, 2024
- Forecast for GBP/USD on April 12, 2024 April 12, 2024
- Forecast for AUD/USD on April 12, 2024 April 12, 2024
- Outlook for GBP/USD on April 12. The pound once again failed to leave the same range April 12, 2024
- Outlook for EUR/USD on April 12. New ECB meeting April 12, 2024
- The market is disappointed and softening expectations for the FOMC rate April 12, 2024
- Christine Lagarde: inflation is easing April 12, 2024
- ECB threw a lifeline to the euro April 11, 2024
- Technical Analysis – ETHUSD finds support at 50-day SMA April 11, 2024
- Trading Signals for GOLD (XAU/USD) for April 11-15, 2024: buy above $2,345 (6/8 Murray – symmetrical triangle) April 11, 2024
- EUR/USD: trading scenarios on April 11, 2024 April 11, 2024
Wave summary;
We have finally seen the break above resistance at 1.5668 confirming more upside towards 1.5969 and higher towards 1.6491.
Short term, we would like to see support at 1.5558 which acts as a floor for the next impulsive rally higher to 1.5969. If, however support at 1.5558 fails to protect the downside, we should see a new corrective decline closer to 1.5498 before the next rally higher.
Trading recommendation:
We are long EUR from 1.5515 and we will raise the stop to 1.5550. If you are not long EUR yet, then buy a break above 1.5738 and use the same stop at 1.5550.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: