Elliott wave analysis of EUR/NZD for December 29, 2017
December 29, 2017 10:21 am
Wave summary:
A bottom is likely building for wave ii, but we still need a break above minor resistance at 1.6927 to confirm that wave iii is developing for a rally towards at least 1.7348 on the way higher to the ideal 1.7777 target.
Support at 1.6800 should continue to protect the downside for the expected break above 1.6927, but only a break below 1.6744 will force a re-count.
R3: 1.7064
R2: 1.6993
R1: 1.6927
Pivot: 1.6876
S1: 1.6800
S2: 1.6780
S3: 1.6744
The material has been provided by InstaForex Company – www.instaforex.com
Wave summary:
A bottom is likely building for wave ii, but we still need a break above minor resistance at 1.6927 to confirm that wave iii is developing for a rally towards at least 1.7348 on the way higher to the ideal 1.7777 target.
Support at 1.6800 should continue to protect the downside for the expected break above 1.6927, but only a break below 1.6744 will force a re-count.
R3: 1.7064
R2: 1.6993
R1: 1.6927
Pivot: 1.6876
S1: 1.6800
S2: 1.6780
S3: 1.6744
The material has been provided by InstaForex Company – www.instaforex.com
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