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

Wave summary:

Nothing is happening here -

We continue to look for the last spike lower towards 1.5898 as long as minor resistance at 1.6434 protects the upside. From 1.5898 or upon a break above 1.6434, more importantly a break above 1.6576, and strong rally back to 1.8020 and 1.9114 on the way higher is expected.

Trading recommendation:

We are looking for an opportunity to buy EUR at 1.5925 or upon a break above 1.6434 (one order done cancels the other).