Elliott wave analysis of EUR/NZD for April 21 – 2017

Wave summary: EUR/NZD is testing resistance at 1.5347 indicating that the wave ii correction completed the test of 1.5054 and wave iii higher now is unfolding. Normally third waves become the extended wave and if this is the case here, we should look for wave iii to reach a minimum of 1.6656. Short-term, we could […]