Elliott wave analysis of EUR/NZD for October 8, 2018
October 8, 2018 4:22 am
There was no time for a correction and EUR/NZD is moving directly higher towards the next target at 1.8030. Support is now seen at 1.7800 and again at 1.7758, only a break below the later support will indicate a deeper correction towards 1.7643 unfolding, before the next advance towards the 1.8369 target.
R3: 1.8100
R2: 1.8030
R1: 1.7900
Pivot: 1.7800
S1: 1 7758
S2: 1.7692
S3: 1.7642
Trading recommendation:
We are long half a position from 1.7500 and we will move our stop higher to 1.7725.
The material has been provided by InstaForex Company – www.instaforex.com
There was no time for a correction and EUR/NZD is moving directly higher towards the next target at 1.8030. Support is now seen at 1.7800 and again at 1.7758, only a break below the later support will indicate a deeper correction towards 1.7643 unfolding, before the next advance towards the 1.8369 target.
R3: 1.8100
R2: 1.8030
R1: 1.7900
Pivot: 1.7800
S1: 1 7758
S2: 1.7692
S3: 1.7642
Trading recommendation:
We are long half a position from 1.7500 and we will move our stop higher to 1.7725.
The material has been provided by InstaForex Company – www.instaforex.com
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