InstaForex - Analytics

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    Elliott wave analysis of EUR/NZD for September 30, 2015

    2015-09-30EURNZD-4H.png

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    Technical summary:

    No change is observed here. We continue to watch for a breakout above important resistance at 1.8000 that confirms a continuation higher to 1.8683. It will take an unexpected breakout below support at 1.7454 to invalidate the bullish outlook.

    Trading recommendation:

    We are long EUR from 1.7475 with stop placed at 1.7450. If you are not long EUR yet, buy near 1.7585 or upon a break above 1.7901 with the same stop at 1.7450.


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