Elliott wave analysis of EUR/NZD for December 15 - 2016

Wave Summary:

We are still waiting for a firm test of support at 1.4590 or a clear break above minor resistance at 1.4823 to confirm that the low is in place and a rally to the origin of the ending diagonal at 1.5837 is developing.

Trading recommendation:

We have placed orders to buy EUR at 1.4610 or upon a clear break above 1.4823.

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

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