Elliott wave analysis of EUR/NZD for February 5, 2018
February 5, 2018 6:21 am
Wave summary:
EUR/NZD has rallied nicely, and more upside is expected after a minor corrective set-back close to 1.6965 from where the next impulsive rally towards 1.7360 on the way higher to 1.7490 and 1.7777 should be launched.
R3: 1.7202
R2: 1.7147
R1: 1.7101
Pivot: 1.7054
S1: 1.7020
S2: 1.6998
S3: 1.6965
Trading recommendation:
We are long EUR from 1.6695 and we will move our stop higher to 1.6905
The material has been provided by InstaForex Company – www.instaforex.com
Wave summary:
EUR/NZD has rallied nicely, and more upside is expected after a minor corrective set-back close to 1.6965 from where the next impulsive rally towards 1.7360 on the way higher to 1.7490 and 1.7777 should be launched.
R3: 1.7202
R2: 1.7147
R1: 1.7101
Pivot: 1.7054
S1: 1.7020
S2: 1.6998
S3: 1.6965
Trading recommendation:
We are long EUR from 1.6695 and we will move our stop higher to 1.6905
The material has been provided by InstaForex Company – www.instaforex.com
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