Elliott wave analysis of EUR/NZD for December 5, 2017

Wave summary: EUR/NZD has broken below support at 1.7210 confirming the expectation of wave c of iv lower to 1.7035 as the first target for wave c. Short-term, minor resistance at 1.7244 ideally will cap the upside for a continuation lower towards 1.7077 and 1.7035 as the next downside targets. Only a break above resistance […]