empty
 
 
11.09.2015 05:49 AM
Elliott wave analysis of EUR/NZD for September 11, 2015

This image is no longer relevant

Technical summary:

Now we can see an expected thrust out of the triangle towards the upside and it should just be a matter of time before we will see the next impulsive rally higher to 187.02. In the short term, a break above resistance at 1.8004 will confirm the rally higher.

Support is now found near 1.7792 and again at 1.7622, which will ideally protect the downside for a break above 1.8004 and the rally towards 1.8702

Trading recommendation:

We are long EUR from 1.7490 and will keep our stop at 1.7300. If you are not long EUR yet, then buy on a break above 1.7968 with stop placed at 1.7800.

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 $1000 more!
    In April we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 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