Elliott wave analysis of EUR/NZD for November 27, 2017

Wave summary: Our preferred count remains that the rally from 1.7157 is corrective and soon should tune lower again. We continue to expect that the former top at 1.7408 will cap the upside for a break below minor support at 1.7276 confirming renewed downside pressure towards 1.7136 and below here confirms a deeper corrective decline […]