Elliott wave analysis of EUR/NZD for March 7, 2018 888011000 110888 < imgwidth=” 450″src=” http://qkfx.com/wp-content/uploads/2018/03/elliott-wave-analysis-of-eur-nzd-for-march-7-2018.png”alt =”analytics5a9f6f243bd81.png”/ > Wave summary: EUR/NZD continues to follow the expected course almost to excellence. After the minor dip to 1.6968 we are searching for acompany break abovethe resistanceat 1.7100 for a continuation greaterto 1.7470 onthe way towards1.7777. Assistance is now seen at 1.7010 and again at 1.6968. R3: 1.7264 R2: 1.7166 R1: 1.7100 Pivot: 1.7010 S1: 1.6968 S2: 1.6930 S3: 1.6877 Trading recommendation: We are long EUR from 1.6790 with stop positioned at 1.6850. Upon a break above 1.7100 our stop will be raised to 1.6950. The product has been provided by InstaForex Company-www.instaforex.com

By | March 7, 2018

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