Elliott wave analysis of EUR/NZD for December 26 - 2016 - Forex247

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Monday, December 26, 2016

Elliott wave analysis of EUR/NZD for December 26 - 2016

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Wave summary:

The first impulse of the 1.4654 low was completed at 1.5235 and we are looking for a correction towards 1.4964 from where the next impulse wave will be expected. The next major upside target is seen at 1.5837, but in the longer term, we are looking for much higher levels here.

Trading recommendation:

We are looking for a buying opportunity at 1.4925 or upon a break above 1.5235.

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

From www.instaforex.com http://ift.tt/2iutxDK

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