Elliott wave analysis of EUR/NZD for August 10, 2017 888011000 110888 Wave summary: EUR/NZD continues to work its method higher to the expected target at 1.6236. This resistance should just beable to offer short-term resistance, before the next swinggreater to 1.6969. Short-term support is now seen at 1.6005 and again at 1.5920. R3: 1.6236 R2: 1.6196 R1: 1.6081 Pivot: 1.6050 S1: 1.6005 S2: 1.5959 S3: 1.5920 Trading recommendation: We are long EUR from 1.5510 with stop placed at 1.5825. If you are not long EUR yet, then buy near 1.6005 and use the very same stop at 1.5825. The product has been supplied by InstaForex Company-www.instaforex.com

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