Elliott wave analysis of EUR/NZD for October 9, 2018 888011000 110888 EUR/NZD has increased support at 1.7758 and the correction from 1.7929 does not look complete yet. The decrease to 1.7929 likely only wave blue wave A and blue wave B to 1.7854 should now be anticipated before blue wave C of blue wave ii takes control of and brings prices lower to 1.7705 with an outside chance to dip somewhat lower to 1.7652 prior to blue wave iii takes control of for the next impulsive rally towards 1.8030 and 1.8369. R3: 1.7921 R2: 1.7854 R1: 1.7824 Pivot: 1.7800 S1: 1.7773 S2: 1.7745 S3: 1.7705 Trading recommendation: We are long half a position from 1.7500 and we will take profit at 1.7840 and after that search for a brand-new buying chance near 1.7705. The product has been offered by InstaForex Business- www.instaforex.com

By | October 9, 2018

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