FX.co ★ Elliott wave analysis of EUR/NZD for September 24 - 2015

Technical summary:

As long as resistance at 1.8000 protects the upside, we will stay open to a final decline closer to 1.7445 before the next impulsive rally takes us higher to 1.8683. Only a direct break above important resistance at 1.8000 indicates that wave ii is already over and the impulsive rally to 1.8683 is already developing.

Trading recommendation:

We have placed a EUR buy order at 1.7460 and a EUR buy order 1.8000. One order cancels the other.