EUR/NZD - Accelerating higher towards 1.6407

EUR/NZD accelerating higher towards 1.6407

Since my last post (you can see it here), we saw the expected correction to 1.5717 (just below the expected 1.5736 target) before the correction was over and the next strong rally was ready to take over. We have seen a break above the base-channel, which calls for an acceleration higher towards the next target at 1.6407. However, the 1.6407 target will likely only be a minor stop on the way higher and the next major target will be found at 1.6830, which most likely will mark the top of wave 3.

Short term I expect support at 1.6033 will protect the downside for the rally higher to 1.6203 on the way higher to 1.6407. Even if support at 1.6033 is broken, a new support will be found just below at 1.5980.

Roelant Mier
2020-03-31
I have been following you for years (paid membership at the time also).

Still 100% impressed with your calls. Coffee, oil, and Natgas working out well!

Thanks for all you do
Roelant
Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani
JT
2014-06-23
Its been a pleasure over the years I have been following you and even better as a member the education you provide in my view is invaluable you can read books as I have but to see how you evolve your ...