Elliott wave analysis of EUR/NZD for July 6, 2017

Wave summary: EUR/NZD continues to trade within a narrow range between 1.5500 – 1.5655. As long as the minor resistance at 1.5655 is able to cap the upside as long must a possible spike lower to 1.5450 be expected. Only a break above the minor resistance at 1.5655 will indicate that the corrective consolidation in […]