Elliott wave analysis of EUR/NZD for June 14, 2018 888011000 110888 EUR/NZD continues its correction in wave ii/ lower to 1.6692. As soon as the FED announced its 25 basis-point trek EUR/NZD removed like a rocket. Short-term, we could see a minor corrective decline into the 1.6743 -1.6759 location before moving greater once again towards 1.7059 as the next possible benefittarget. Longer-term, we continue totry to find much greater levels for this cross, with the minimumtarget set at 1.8437. R3: 1.6903 R2: 1.6876 R1: 1.6821 Pivot: 1.6773 S1: 1.6759 S2: 1.6743 S3: 1.6692 Trading recommendation: Our stop at 1.6700 was hit for a 100 pips revenue. We will re-buy EUR at 1.6765 or upon a break above 1.6826. We will put our stop at 1.6685. The product has actually been provided by InstaForex Business-www.instaforex.com

By | June 14, 2018

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