Elliott wave analysis of EUR/NZD for September 17, 2018
September 17, 2018 7:23 am
There is not much news to bring in front here. The sideways consolidation continues to use up time rather than points. We could still see a dip closer to 1.7594 as long as minor resistance at 1.7804 caps the upside. From support at 1.7594 or upon a break above minor resistance at 1.7804 a new rally closer to 1.8030 should be expected as the long-term uptrend work its way towards the long-term target at 1.8369.
R3: 1.7954
R2: 1.7900
R1: 1.7825
Pivot: 1.7804
S1: 1.7755
S2: 1.7700
S3: 1.7683
Trading recommendation:
We are looking for a possible buying opportunity near 1.7615 or upon a break above 1.7804.
The material has been provided by InstaForex Company – www.instaforex.com
There is not much news to bring in front here. The sideways consolidation continues to use up time rather than points. We could still see a dip closer to 1.7594 as long as minor resistance at 1.7804 caps the upside. From support at 1.7594 or upon a break above minor resistance at 1.7804 a new rally closer to 1.8030 should be expected as the long-term uptrend work its way towards the long-term target at 1.8369.
R3: 1.7954
R2: 1.7900
R1: 1.7825
Pivot: 1.7804
S1: 1.7755
S2: 1.7700
S3: 1.7683
Trading recommendation:
We are looking for a possible buying opportunity near 1.7615 or upon a break above 1.7804.
The material has been provided by InstaForex Company – www.instaforex.com
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