InstaForex - Analytics


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    Elliott wave analysis of EUR/NZD for June 10, 2016 2016-06-10


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    Wave summary:

    Short term, we are looking for resistance near 1.6042 with back-up resistance at 1.6115 to protect the upside for the next part of the decline closer to 1.5693 as the next downside target.

    Trading recommendation:

    We missed the selling opportunity at 1.6150 and will try to sell at 1.6062 with stop place at 1.6286 expected to move the stop lower soon.

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