EUR/NZD – Daily
EUR/NZD – 4 Hourly
Wave summary:
We continue to look for upside acceleration towards 1.5969 and possibly even closer to 1.6491 in wave [iii] of iii. Until a clear break above 1.5668 is seen, we must accept the possibility of more correction in the 1.5480 – 1.5668 area, but it should just be a matter of time before the next rally higher is seen, but first a break above the long term resistance-line from 1.9023 needs to be broken, but once this break is seen upside acceleration should be expected.
Wave summary:
We are long EUR from 1.5515 with stop placed at 1.5260. If you are not long EUR yet, then but near 1.5480 or upon a clear break above 1.5668 and use the same stop at 1.5260.
The material has been provided by InstaForex Company – www.instaforex.com
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