Elliott wave analysis of EUR/NZD for January 19, 2018

Wave summary: The corrective decline from 1.6937 is unfolding as expected and should spike lower to 1.6679 before completing and set the stage for the next impulsive rally higher towards 1.7360 on the way higher to 1.7777. Only a direct break above minor resistance at 1.6839 will tell us that wave ii ended early and […]