Elliott wave analysis of EUR/NZD for February 15, 2018

Wave summary: EUR/NZD has failed to rally, which could indicate a more complex correction is unfolding. If this is the case, the more downside pressure towards 1.6775 can not be excluded before the next impulsive rally higher. In the short term, only a direct break above minor resistance at 1.6972 will ease the downside pressure […]