InstaForex - Analytics


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    Elliott wave analysis of EUR/NZD for July 4, 2016


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    Wave summary:

    No change in view here.

    We expect minor support at 1.5411 will be able to protect the downside for a break above 1.5600 confirming a rally to 1.5816 to complete the correction in wave (ii) and set the stage for the next impulsive decline in wave (iii) towards 1.4490.

    Trading recommednation:

    Sell near 1.5816 and place your stop order at 1.5870.

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