Elliott wave analysis of EUR/NZD for April 26 – 2016
April 26, 2016 6:10 am
Wave summary:
We are still looking for a break above the important short-term resistance at 1.6499 to confirm that an important low was found at 1.6062. Short-term support is found at 1.6304 which ideally will protect the downside for the break above 1.6499 to confirm much more upside to come in the coming weeks and months.
A break below support at 1.6304 will call for a move slightly lower to 1.6242 before another shot at the 1.6499 resistance should be expected.
The material has been provided by InstaForex Company – www.instaforex.com
Wave summary:
We are still looking for a break above the important short-term resistance at 1.6499 to confirm that an important low was found at 1.6062. Short-term support is found at 1.6304 which ideally will protect the downside for the break above 1.6499 to confirm much more upside to come in the coming weeks and months.
A break below support at 1.6304 will call for a move slightly lower to 1.6242 before another shot at the 1.6499 resistance should be expected.
The material has been provided by InstaForex Company – www.instaforex.com
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