Elliott wave analysis of EUR/NZD for January 9, 2018

Wave summary: EUR/NZD has declined nice and is now close to the first support near 1.6571. This support is expected to protect the downside for at least a corrective rally closer to 1.6800 and maybe even turn prices higher trough important resistance at 1.7025 for the next impulsive rally towards 1.7777. R3: 1,6890 R2: 1.6800 […]