Wave summary:
Nothing is happening here. EUR/NZD remains locked inside a narrow trading-range between 1.5509 - 1.5712. Ideally we will see a break above resistance at 1.5712 for a continuation higher towards 1.6235 and above.
Trading recommndation:
We are long EUR from 1.5645 with stop placed at 1.5215. If you are not long EUR yet, then buy a break above 1.5712 and place a stop at 1.5500
The material has been provided by InstaForex Company - www.instaforex.com
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