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    Technical analysis of EUR/NZD for February 11, 2016 2016-02-11

    EUR/NZD has been quite volatile during the past few days, although the upside target hasn't been reached. At the same time, the S1 (1.6733) has been rejected.

    Today EUR/NZD can produced another and, perhaps, the final wave up to test R2 (1.7285), which is the final upside target.

    It is recommended to remain long or place a long trade on small pullbacks. Stop loss is just below S1 (1.6733) and target remains the same - R2 (1.7285).

    Support: 1.6730, 1.6560, 1.6390

    Resistance: 1.6945, 1.7285

    EURNZD_INSTA.png

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