FX.co ★ Elliott wave analysis of EUR/NZD for September 7, 2015

Technical summary:

We are still locked between support at 1.7304 and resistance at 1.7896. That is a pretty wide range where almost everything can happens. We are beginning to see the shape of a triangle pattern, but is it a wave 4 triangle or is it a B-wave triangle? We do not have a strong opinion on that yet, but the way to play this triangle is to break above 1.7896 or below 1.7304 once it is confirmed.

Trading recommendation:

Buy above 1.7896 or sell upon a break below 1.7304.