Elliott Wave Analysis: Correction On EURNZD May Be Finished

18 Nis 2017

EURNZD seems to be trading in a corrective retracement of wave B, after a five wave move to the upside had unfolded in the previous wave A. That said recent fall can be sub-wave C, that may see some limited downside around the lower channel line. That said, a breach above the upper corrective channel line will suggest higher levels to follow.