12.07.201712:04 Forex Analysis & Reviews: Elliott Wave Ananlysis of EUR/NZD for July 12, 2017

Long-term review

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Wave summary:

EUR/NZD is set to move higher towards the next upside target seen at 1.6232. Short-term support is now seen at 1.5712 which we expect will be able to protect the downside for the expected rally higher.

Trading recommendation:

We are long EUR from 1.5645 with stop placed at 1.5600. If you are not long EUR yet, then buy near 1.5712 and use the same stop.

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