Elliott wave analysis of EUR/NZD for May 04, 2017

Wave summary: We continue to look for an extension in wave [iv] closer to 1.5554 before completing this correction and pushing prices higher towards the 1.6655 target. Only a direct break above resistance at 1.5940 will confirm that wave [iv] has been already completed with the test of 1.5644 and wave [v] higher, which is […]