Elliott wave analysis of EUR/NZD for October 8, 2018
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.
S1: 1 7758
We are long half a position from 1.7500 and we will move our stop higher to 1.7725.