InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Elliott wave analysis of EUR/NZD for March 15 - 2016 2016-03-15

    analytics56e7bc16ee76f.png

    Show full picture

    Wave summary:

    The support area between 1.6445 - 1.6521 held perfect for a new rally. In the short term, I will be looking for a break above 1.6703 as the first good indication that the next impulsive rally is building for a rally towards 1.7220 and above. To confirm the rally towards 1.7220 a break above 1.6845 will be needed, but we do not think it will take a lot of effort to break this resistance.

    Trading recommendation:

    We are long EUR from 1.6595 and will move stop higher to 1.6460. If you are not long EUR yet buy a break above 1.6845 and use the same stop, but expect to raise it quickly.


    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