Elliott wave analysis of EUR/JPY for October 12, 2017 888011000 110888 < imgwidth=” 450″src=” http://qkfx.com/wp-content/uploads/2017/10/elliott-wave-analysis-of-eurjpy-for-october-12-2017.png”alt= “analytics59defe45467c3.png”/ > Wave summary: EUR/NZD continues to rally well and as expected. We anticipate minor support at 1.6648 will be able to protect the drawback for the next rally greater to 1.6824that shouldcomplete red wave iii/ and set the stage for a shallow sideways combination in red wave iv/ prior to moving greater to 1.7005 in red wave v/. R3: 1.7005 R2: 1.6824 R1: 1.6760 Pivot: 1.6648 S1: 1.6623 S2: 1.6563 S3: 1.6490 Trading suggestion: We are long EUR from 1.6365 and will move our stop higher to 1.6600. The material has been provided by InstaForex Company-www.instaforex.com

By | October 12, 2017

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