The EUR/NZD triggered a bearish signal on my proprietary indicators and the wave count and price action suggest a pullback here. This pair is a mess in the bigger picture, so I don't want to get too cocky with this wave count, but whether it's a small or large pullback, it should have no problem retracing 38% of wave c to around 1.6670. Here is my trade:
Short EURNZD now at 1.6737
Stop at 1.6810
Profit Target 1.6663
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PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.