Elliott wave analysis of EUR/NZD for October 25, 2018
October 25, 2018 9:23 am
A break above 1.7557 will be a good first step to confirm the hidden divergence, while a break above resistance at 1.7554 should do the trick and confirm the impulsive rally towards 1.8345.
R3: 1.7625
R2: 1.7598
R1: 1.7557
Pivot: 1.7515
S1: 1.7495
S2: 1.7475
S1: 1.7428
Trading recommendation:
We are long EUR from 1.7495 with our stop placed at 1.7345. If you are not long EUR yet, then buy a break above resistance at 1.7557 and use the same stop at 1.7345.
The material has been provided by InstaForex Company – www.instaforex.com
A break above 1.7557 will be a good first step to confirm the hidden divergence, while a break above resistance at 1.7554 should do the trick and confirm the impulsive rally towards 1.8345.
R3: 1.7625
R2: 1.7598
R1: 1.7557
Pivot: 1.7515
S1: 1.7495
S2: 1.7475
S1: 1.7428
Trading recommendation:
We are long EUR from 1.7495 with our stop placed at 1.7345. If you are not long EUR yet, then buy a break above resistance at 1.7557 and use the same stop at 1.7345.
The material has been provided by InstaForex Company – www.instaforex.com
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