Elliott wave analysis of EUR/NZD for May 23, 2017
Wave summary: The failure to accelerate higher and the break below minor support seen at 1.5987 indicates that a slightly deeper correction towards 1.5836 should be expected before the next impulsive rally higher towards 1.6655. Short term, minor resistance is seen at 1.6154, which should be able to cap the upside for a deeper corrective […]