Technical summary:
Once again, strong resistance at 1.8000 managed to protect the upside pushing prices below support at 1.7649, which indicates a decline towards strong support near 1.7400 before a renewed upside pressure should be expected.
Short-term resistance is seen at in the area of 1.7649 - 1.7690. This area should ideally protect the upside for a decline to 1.7400.
Trading recommendation:
Our stop at 1.7665 was hit for a nice profit. We will sell EUR here at 1.7650 and place stop at 1.7780 and place stop-profit at 1.7415.
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 21, 2015 . Thanks for your support.
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