25.10.201809:07 Forex Analysis & Reviews: Elliott wave analysis of EUR/NZD for October 25, 2018

Long-term review

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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.

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