Elliott wave analysis of EUR/NZD for January 22, 2018

Wave summary: We continue to look for a slightly deeper correction in wave ii. Ideally, wave ii will make it lower to 1.6679 before completing and turning prices higher in wave iii towards 1.7360 on the way towards the long-term target at 1.7777. Only a direct break above minor resistance at 1.6839 will indicate that […]