InstaForex - Analytics


    736.75 6.25/10
    62% of positive reviews

    Elliott wave analysis of EUR/NZD for July 28, 2015


    Show full picture

    Technical summary:

    A flat correction is nicely unfolding. We saw the top of wave b at 1.6808. Now we are looking look for wave c moving lower to 1.6325 or just below to end wave 2 and set the stage for wave 3 higher.

    In the longer term, we continue to look for much higher levels with 1.7277 being the next major upside target.

    Trading recommendation:

    We will look for a buying opportunity as wave c of 2 progresses.

    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