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26.04.201606:16 Forex Analysis & Reviews: Elliott wave analysis of EUR/NZD for April 26 - 2016

Long-term review

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Wave summary:

We are still looking for a break above the important short-term resistance at 1.6499 to confirm that an important low was found at 1.6062. Short-term support is found at 1.6304 which ideally will protect the downside for the break above 1.6499 to confirm much more upside to come in the coming weeks and months.

A break below support at 1.6304 will call for a move slightly lower to 1.6242 before another shot at the 1.6499 resistance should be expected.

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