FX.co ★ Elliott wave analysis of EUR/NZD for June 24, 2014

Today's Support and Resistance levels:

R3: 1.5745

R2: 1.5723

R1: 1.5670

Current spot: 1.5628

S1: 1.5579

S2: 1.5566

S1: 1.5538

Technical summary:

This cross also failed to follow through to the downside yesterday and it revived the "old" target area between 1.5723 - 1.5745, before blue wave iv is over and the final decline to 1.5446 should be expected.

Trading recommendation:

We are still nuetral and will await a better entry.