InstaForex - Analytics


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    Elliott wave analysis of EUR/NZD for November 26 - 2015


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    Wave summary:

    In the short term, we expect minor resistance at 1.6261 and more importantly resistance at 1.6377 as a break above the later indicates that the corrective decline from 1.9114 is over.

    Trading recommendation:

    We are look to buy EUR at 1.5925 or upon a break above 1.6377 (one order done cancels the other).

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