FX.co ★ Elliott wave analysis of EUR/NZD for September 29, 2015

Technical summary:

We have seen an almost perfect touch down of our target near 1.7455 (the low came in at 1.7454). The next important thing to watch for is a break above resistance at 1.8000 that would call for a continuation higher to 1.8683.

In the short term, we will ideally see minor support at 1.7759 protecting the downside for the test of 1.8000 and a break above this line.

Trading recommendation:

We are long EUR from 1.7475 and will move our stop higher to 1.7450.