Elliott wave analysis of EUR/NZD for December 3 – 2014
December 4, 2014 7:20 am
Technical summary:
Not much has happened here, but we are still looking for support at 1.5788 to protect the downside for a break above resistance at 1.5942 and more importantly a break above resistance at 1.5991 to confirm the next rally towards 1.6273 and higher. Only an unexpected break below support at 1.5788 will delay the expected rally for a move closer to 1.5722 before the next move higher.
Trading recommendation:
The material has been provided by InstaForex Company – www.instaforex.com
Technical summary:
Not much has happened here, but we are still looking for support at 1.5788 to protect the downside for a break above resistance at 1.5942 and more importantly a break above resistance at 1.5991 to confirm the next rally towards 1.6273 and higher. Only an unexpected break below support at 1.5788 will delay the expected rally for a move closer to 1.5722 before the next move higher.
Trading recommendation:
The material has been provided by InstaForex Company – www.instaforex.com
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