EWForecast

$EUR/NZD 4 Hour Elliottwave Chart Update 6/1/2015

Long
FX_IDC:EURNZD   Euro / New Zealand Dollar
Wave ((W)) rally is complete at 1.5517 and wave ((X)) pullback is in progress towards 1.5148 - 1.5218 before the rally resumes. We don't like selling the pullback.

This view is valid as far as 1.492 level holds. If 1.492 level breaks, then the pair can do a Flat structure and remains bullish against the second degree invalidation line at 1.386.

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