InstaForex - Analytics


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    Elliott wave analysis of EUR/NZD for November 25 - 2015


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    Wave summary:

    Nothing is happening here -

    We continue to look for the last spike lower towards 1.5898 as long as minor resistance at 1.6434 protects the upside. From 1.5898 or upon a break above 1.6434, more importantly a break above 1.6576, and strong rally back to 1.8020 and 1.9114 on the way higher is expected.

    Trading recommendation:

    We are looking for an opportunity to buy EUR at 1.5925 or upon a break above 1.6434 (one order done cancels the other).

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