Elliott wave analysis of EUR/NZD for October 25, 2017

Wave summary: EUR/NZD is now testing the channel resistance-line near 1.7040, which could cap the upside for the short-term and cause a new minor correction close to 1.6784 before the next strong rally should be expected for a clear break above the channel resistance-line this time and a continuation higher to 1.7777. Short-term a break […]