Elliott wave analysis of EUR/NZD for May 19, 2017

Wave summary: We continue to look for a strong break above minor resistance seen at 1.6154 to add upside acceleration towards the next target seen at 1.6655. Short term, we expect minor support near 1.6033 max. 1.5987 to be able to protect the downside for the break above 1.6154. Only a direct break below support […]