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    Elliott wave analysis of EUR/NZD for February 15, 2016 2016-02-14

    2016-02-15-EURNZD-8H.png

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    Wave summary:

    We continue to look for an upside acceleration above resistance at 1.7273. A breakout above this resistance will call for a rally to 1.8020 as the next resistance.

    In the short term, we expect mionor support at 1.6882 to protect the downside for a a breakout above minor resistance at 1.7062 and more importantly above 1.7273 confirming the rally to 1.8020 and even higher.

    Trading recommendation:

    We are long EUR. If you are not long EUR yet, then buy on the breakout above 1.7062.


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