InstaForex - Analytics

InstaForex

599.50 6.50/10
60% of positive reviews
Real

Elliott wave analysis of EUR/NZD for June 2 - 2015

 

2015-06-02-EURNZD-4H.png

 

Show full picture

 

Technical summary:

We saw an anticipated correction in red wave iv. We should see red wave v soon moving higher towards 1.5640 to finish the first impulsive rally in wave (iii). Once this first impulsive rally is over, a correction to 135.10 (bottom of red wave iv) should be expected.

In the long term, we are looking for much higher levels with 1.5802 being the next major upside target.

Trading recommendation:

We are long EUR from 1.5080 and will move our stop higher to 1.5300. If you are not long EUR yet, buy on a break above 1.5392 and place stop at 1.5300 too.

 
 
Uitgevoerd door, Analytische expert
InstaForex Group © 2007-2015
 


To leave a comment you must be or register