Elliott Wave Analysis of EUR/NZD for April 26 - 2016

Elliott Wave Analysis of EUR/NZD for April 26 - 2016

26 April 2016, 10:15
Roberto Jacobs
0
5

Elliott Wave Analysis of EUR/NZD for April 26 - 2016


analytics571eeb0de6b5b.png


Wave summary:

We are still looking for a break above the important short-term resistance at 1.6499 to confirm that an important low was found at 1.6062. Short-term support is found at 1.6304 which ideally will protect the downside for the break above 1.6499 to confirm much more upside to come in the coming weeks and months.

A break below support at 1.6304 will call for a move slightly lower to 1.6242 before another shot at the 1.6499 resistance should be expected.


The material has been provided by InstaForex Company - www.instaforex.com


Share it with friends: