FX.co ★ Elliott wave analysis of EUR/NZD for March 14, 2017

Wave summary:

The expected correction towards 1.5116 finally looks to be unfolding. Once this correction is complete, more upside pressure towards 1.5764 and 1.6064 will be expected. Longer term, much more upside to above the 2015 high at 1.9023 remains expected.

R3: 1.5658

R2: 1.5520

R1: 1.5456

Pivot 1.5365

S1: 1.5314

S2: 1.5266

S3: 1.5190

Trading recommendation:

We will buy EUR at 1.5145.