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FX.co ★ Elliott wave analysis of EUR/NZD for June 20, 2017

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Forex Analysis:::2017-06-20T05:20:28

Elliott wave analysis of EUR/NZD for June 20, 2017

Elliott wave analysis of EUR/NZD for June 20, 2017

Wave summary:

We are still looking for a break above the resistance line near 1.5466 and more importantly, a break above resistance at 1.5567 as confirmation that wave ii has completed and wave iii higher towards 1.6237 and above is developing.

R3: 1.5567

R2: 1.5481

R1: 1.5466

Pivot: 1.5450

S1: 1.5405

S2: 1.5381

S3: 1.5350

We will buy a break above 1.5566

Analyst InstaForex
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