Elliott wave analysis of EUR/NZD for February 16, 2017

Wave summary: The correction from 1.4862 has become deeper than first expected. That has changed the short-term count slightly. Instead of wave [i] completing closer to 1.4953 wave [i] already completed with the test of 1.4862 and the ongoing correction is wave [ii]. As second waves has a tendency to become very deep, we need […]