FX.co ★ Elliott wave analysis of EUR/NZD for December 26 - 2016

Wave summary:

The first impulse of the 1.4654 low was completed at 1.5235 and we are looking for a correction towards 1.4964 from where the next impulse wave will be expected. The next major upside target is seen at 1.5837, but in the longer term, we are looking for much higher levels here.

Trading recommendation:

We are looking for a buying opportunity at 1.4925 or upon a break above 1.5235.