Elliott wave analysis of EUR/NZD for December 30, 2014
December 30, 2014 9:40 am
Technical summary:
There was no time for a proper correction back to 1.5724; and we are already close to the Spetember low at 1.5526 which will likely act as a support for a minor correction towards 1.5629 before the next decline towards 1.54 and 1.4966 in a huge flat correction.
Trading recommendation:
We will sell EUR at 1.5615 with stop placed at 1.5675
The material has been provided by InstaForex Company – www.instaforex.com
Technical summary:
There was no time for a proper correction back to 1.5724; and we are already close to the Spetember low at 1.5526 which will likely act as a support for a minor correction towards 1.5629 before the next decline towards 1.54 and 1.4966 in a huge flat correction.
Trading recommendation:
We will sell EUR at 1.5615 with stop placed at 1.5675
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: