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. 

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
Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane
Thomas
2014-08-11
Sublime Counts!