InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Elliott wave analysis of EUR/NZD for June 21, 2016

    analytics5768dd175cc7f.png

    Show full picture

    Wave summary:

    Short term, we expect minor resistance at 1.6015 to protect the upside for a break below minor support at 1.5825 confirming the decline to 1.5604 to finish wave (i).

    Trading recommendation:

    Stay short for a test of 1.5604 move stop to 1.6050. Take profit at 1.5625. If you are not short EUR yet, then sell near 1.6015 or upon a break below 1.5825 use the same stop and take profit levels.


    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