Elliott wave analysis of EUR/NZD for August 2, 2017

Wave summary: EUR/NZD is rallying nicely and has now cleared minor resistance at 1.5897, too. This confirms continuation higher towards 1.6236 as the next upside target. However, longer term, we expected EUR/NZD to move way past the 1.6236 target, too. Support is now seen at 1.5880 and again at 1.5829. The later should be able […]