EUR/NZD: A Short Opportunity

On EUR/NZD I see five waves up in leading diagonal followed by a five wave decline from 1.6840 which is first leg of minimum three wave retracement. As such, wave (b) retracement back to 1.6590-1.6700 could be interesting for shorts in wave (c) down.EUR/NZD 4h Elliott Wave Analysis

EUR/NZD Elliott Wave” title=”EUR/NZD Elliott Wave” height=”598″ width=”640″ />

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