empty
 
 
30.07.2013 11:15 AM
Elliott Wave analysis of EUR/NZD for July 30, 2013

This image is no longer relevant

Today's Support and Resistance levels:

R3: 1.6634

R2: 1.6592

R1: 1.6571

Current Spot: 1.6554

S1: 1.6527

S2: 1.6501

S3: 1.6482

Technical summary:

With the break above 1.6486 we had confirmation, that a bottom is in place for a new impulsive rally higher. To confirm, that we have seen an important low for wave ii we would like to see a break above strong resistance at 1.6686 as well, as that will confirm continuation higher towards 1.6818 and 171.13. In the short term we are looking for support at 1.6527 and important support at 1.6482, which ideally protects the downside for the rally towards 1.6686.

Trading recommendation:

We are long EUR from 1.6411 and will move our stop higher to 1.6390 leaving us with a very small risk. If you are not long EUR yet, then buy on a possible set-back towards 1.6527 with the same stop at 1.6390.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Torben Melsted
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback