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25.11.201506:57 Forex Analysis & Reviews: Elliott wave analysis of EUR/NZD for November 25 - 2015

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 25.11.2015 analysis

Wave summary:

Nothing is happening here -

We continue to look for the last spike lower towards 1.5898 as long as minor resistance at 1.6434 protects the upside. From 1.5898 or upon a break above 1.6434, more importantly a break above 1.6576, and strong rally back to 1.8020 and 1.9114 on the way higher is expected.

Trading recommendation:

We are looking for an opportunity to buy EUR at 1.5925 or upon a break above 1.6434 (one order done cancels the other).

Torben Melsted
Analytical expert of InstaForex
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