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04.07.2016 07:04 AM
Elliott wave analysis of EUR/NZD for July 4, 2016

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Wave summary:

No change in view here.

We expect minor support at 1.5411 will be able to protect the downside for a break above 1.5600 confirming a rally to 1.5816 to complete the correction in wave (ii) and set the stage for the next impulsive decline in wave (iii) towards 1.4490.

Trading recommednation:

Sell near 1.5816 and place your stop order at 1.5870.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
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