EUR/NZD: A Short Opportunity

 | Dec 04, 2013 02:34AM ET

On EUR/NZD I see five waves up in leading diagonal followed by a five wave decline from 1.6840 which is first leg of minimum three wave retracement. As such, wave (b) retracement back to 1.6590-1.6700 could be interesting for shorts in wave (c) down.
EUR/NZD 4h Elliott Wave Analysis