Elliott wave analysis of EUR/NZD for January 19 - 2015 - TopicsExpress

Elliott wave analysis of EUR/NZD for January 19 - 2015 Technical summary: The decline from the blue wave iv top at 1.5331 has unfolded perfectly and we should be close to a bottom for blue wave v and red wave iii calling for another correction in red wave iv to just below the blue wave iv high at 1.5331. The ideal target for blue wave v is at 1.4729, for the correction higher. Trading recommendation: We are short in EUR from 1.5320 and will place our stop+reverse at 1.4855 and take profit+reverse at 1.4745. The material has been provided by InstaForex Company - instaforex

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