Elliott wave analysis of EUR/NZD for September 23, 2015
September 23, 2015 7:30 am
Technical summary:
We continue to look for a move closer to 1.7450, but we also accept the wave ii could be over at 1.7587. In case it happens, we should see a break above minor resistance at 1.7858 in the nearest term and more importantly a break above important resistance at 1.8000 for a continuation higher to 1.8683 in wave (iii).
Trading recommendation:
We will buy EUR at 1.7460 or upon a break above 1.8000 (one order done cancels the other)
The material has been provided by InstaForex Company – www.instaforex.com
Technical summary:
We continue to look for a move closer to 1.7450, but we also accept the wave ii could be over at 1.7587. In case it happens, we should see a break above minor resistance at 1.7858 in the nearest term and more importantly a break above important resistance at 1.8000 for a continuation higher to 1.8683 in wave (iii).
Trading recommendation:
We will buy EUR at 1.7460 or upon a break above 1.8000 (one order done cancels the other)
The material has been provided by InstaForex Company – www.instaforex.com
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