Elliott wave analysis of EUR/NZD for January – 2018
January 4, 2018 11:20 am
Wave summary:
We are looking for a break above the minor resistance at 1.7064 to provide upside acceleration towards 1.7479 on the way higher to the long-term target near 1.7777.
Support is seen near 1.6889 and again at 1.6855, which is expected to protect the downside for a break above 1.7064.
R3: 1.7220
R2: 1.7130
R1: 1.7064
Pivot: 1.6952
S1: 1.6937
S2: 1.6889
S3: 1.6855
Trading recommendation:
We are long EUR from 1.6873 with stop placed at 1.6850.
The material has been provided by InstaForex Company – www.instaforex.com
Wave summary:
We are looking for a break above the minor resistance at 1.7064 to provide upside acceleration towards 1.7479 on the way higher to the long-term target near 1.7777.
Support is seen near 1.6889 and again at 1.6855, which is expected to protect the downside for a break above 1.7064.
R3: 1.7220
R2: 1.7130
R1: 1.7064
Pivot: 1.6952
S1: 1.6937
S2: 1.6889
S3: 1.6855
Trading recommendation:
We are long EUR from 1.6873 with stop placed at 1.6850.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: