empty
 
 
01.08.2014 02:25 PM
Elliott wave analysis of EUR/NZD for August 1, 2014

This image is no longer relevant

Today's support and resistance levels:

R3: 1.5900

R2: 1.5868

R1: 1.5845

Current spot: 1.5825

S1: 1.5795

S2: 1.5774

S3: 1.5756

Technical summary:

We've reached a new high at 1.5825 where we should expect a continuation higher to the next extension target at 1.5900 and maybe even higher. Short-term minor support at 1.5795 ideally will protect the downside for the rally higher to 1.5900. In the longer term, we are looking for much higher levels closer to 1.6205 and higher.

Trading recommendation:

We are long in EUR from 1.5525 and will move stop higher to 1.5750. If you are not long in EUR yet, then but EUR near 1.5795 with the same stop at 1.5750.

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