FX.co ★ Elliott wave analysis of EUR/NZD for December 7, 2016

Wave summary:

We continue to look for more upside towards 1.5266 and above here. It confirms that the ending diagonal completed with the test of 1.4737 and that a rally back to the origin of the ending diagonal at 1.5837 is developing.

Short-term support is seen near 1.4937.

Trading recommendation:

We are long EUR from 1.4750 with stop at break-even. If you are not long EUR yet, then buy EUR near 1.4937 and use the same stop at 1.4750