Technical summary:
We have seen an almost perfect touch down of our target near 1.7455 (the low came in at 1.7454). The next important thing to watch for is a break above resistance at 1.8000 that would call for a continuation higher to 1.8683.
In the short term, we will ideally see minor support at 1.7759 protecting the downside for the test of 1.8000 and a break above this line.
Trading recommendation:
We are long EUR from 1.7475 and will move our stop higher to 1.7450.
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 29, 2015 . Thanks for your support.
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