EUR/NZD - A break above 1.6715 will confirm the next impulsive rally higher to 1.8420 has begun

EUR/NZD - A break above 1.6715 will confirm the next impulsive rally higher to 1.8420 has begun 

After the resistance-line from the 1.7222 high was broken in early May prices has more or less been glued to this line, but now acting as support. 

However, the minor consolidation looks as if it's coming to an end and a break above minor resistance at 1.6715 will be the first indication that the next impulsive rally higher towards 1.8420 is developing. 

On the way higher the former high at 1.7222 of cause will act as resistance, but it should just be a matter of time before this resistance is taken out too for the continuation higher towards 1.8420 and above. 

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Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...
Felipe
2014-05-26
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Felipe
Thomas
2014-05-28
phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...