InstaForex - Analytics


    735.75 6.25/10
    62% of positive reviews

    Elliott wave analysis of EUR/NZD for July 6, 2015


    Show full picture

    Show full picture

    Technical summary:

    We are still looking for more upside pressure towards 1.7154. In the short term, we will see minor support at 1.6435 protecting the downside for a break above 1.6624. The brake will confirm a continuation higher to 1.7154 as the next major upside target.

    Only a break below support at 1.6435 will delay the expected upside rally closer to 1.6250 before renewed upside pressure shuld be expected.

    Trading recommendation:

    We are long EUR from 1.6588 with stop placed at 1.6310

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree