Technical summary:
Important resistance at 1.8000 is still firm. The pair needs to breakout this line to continue higher towards at least 1.8288 or even higher to 1.8682.
In the short term, support at 1.7674 should protect the downside or we run a risk of returning back to strong support at 1.7400.
Trading recommendation:
We are long EUR from 1.7490. We will move our stop higher to 1.7665. If you are not long EUR yet, buy only on a breakout above 1.8000 and place stop at 1.7800.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Elliott wave analysis of EUR/NZD for September 18, 2015 . Thanks for your support.
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