empty
 
 
25.09.2015 05:39 AM
Elliott wave analysis of EUR/NZD for September 25 - 2015

This image is no longer relevant

Technical summary:

We are still locked within the larger range between 1.7466 - 1.8000. We expect a final decline closer to the 1.7466 low before then next impulsive rally to above 1.8000 for a continuation higher to 1.8683.

In the short term, a break below support at 1.7583 will confirm the move closer to strong support near 1.7466 from where the next impulsive rally should take off.

Trading recommendation:

We have place a EUR buy-order at 1.7475 and one upon a break above 1.7775. One order done cancels the other.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback