FX.co ★ Elliott wave analysis of EUR/NZD for November 25, 2016

Wave summary:

We are still looking for a firm break above the minor resistance line near 1.5090 to confirm the next rally higher to the ending diagonal resistance line near 1.5365 and above here. Such developments will call for a continuation higher to 1.5730 and above. As long as the minor resistance line is able to protect the upside, we need to allow for more consolidation in the 1.4980 - 1.5090 area.

Trading recommendation:

We are long EUR from 1.5000 with stop placed at 1.4950. If you are not long EUR yet, then buy a break above 1.5090 and use the same stop at 1.4950.