Elliott wave analysis of EUR/NZD for May 31, 2017

Wave summary: We continue to look for a dip below support seen at 1.5588, ideally closer to 1.5537, to complete the expanded flat correction and setting the stage for a new impulsive rally in wave iii/ towards 1.6655. Short term, a break above minor resistance seen at 1.5869 and more importantly a break above resistance […]