FX.co ★ Elliott wave analysis of EUR/NZD for September 25 - 2015

Technical summary:

We are still locked within the larger range between 1.7466 - 1.8000. We expect a final decline closer to the 1.7466 low before then next impulsive rally to above 1.8000 for a continuation higher to 1.8683.

In the short term, a break below support at 1.7583 will confirm the move closer to strong support near 1.7466 from where the next impulsive rally should take off.

Trading recommendation:

We have place a EUR buy-order at 1.7475 and one upon a break above 1.7775. One order done cancels the other.