Elliott wave analysis of EUR/NZD for July 31, 2017

Wave summary: We continue to look for a break above 1.5780 and more importantly a break above resistance at 1.5899 to confirm red wave iii/ higher towards 1.6236. That said, as long as minor resistance at 1.5780 is able to cap the upside, a continued sideways consolidation remains expected. Only an unexpected break below 1.5419 […]