FX.co ★ Elliott wave analysis of EUR/NZD for February 28, 2018

Wave summary:

We continue to look for more upside pressure towards 1.6999 and 1.7102, and a break above the later resistance will accelerate the upside towards the next targets seen at 1.7470 and 1.7777.

Support is now seen at 1.6843 and is expected to protect the downside for a break above 1.6945 on the way to 1.6999 and above.

R3: 1.7102

R2: 1.6999

R1: 1.6946

Pivot: 1.6843

S1: 1.6806

S2: 1.6778

S3: 1.6743

Trading recommendation:

We are long EUR from 1.6790 with stop placed at 1.6775.