FX.co ★ Elliott wave analysis of EUR/NZD for December 30, 2014

Technical summary:

There was no time for a proper correction back to 1.5724; and we are already close to the Spetember low at 1.5526 which will likely act as a support for a minor correction towards 1.5629 before the next decline towards 1.54 and 1.4966 in a huge flat correction.

Trading recommendation:

We will sell EUR at 1.5615 with stop placed at 1.5675