Elliott wave analysis of EUR/NZD for November 28, 2017

Wave summary: The corrective rally from 1.7134 was stronger than expected but peaked at 1.7393 and renewed downside pressure towards 1.6619 is now expected. A break below support at 1.7134 will confirm the expected decline. Short-term resistance is seen at 1.7296 that should be able to cap the upside for the break below important support […]