FX.co ★ Elliott wave analysis of EUR/NZD for April 7, 2017

Wave summary:

We continue to expect support seen at 1.5149. It will be able to protect the downside for a break above minor resistance seen at 1.5347, which will confirm that wave [v] higher towards 1.5570 and likely even closer to 1.5790 to complete the first impulsive rally from 1.4495.

R3: 1.5458

R2: 1.5385

R1: 1.5347

Pivot: 1.5250

S1: 1.5235

S2: 1.5210

S3: 1.5149

Trading recommendation:

We are long EUR from 1.5235 with stop placed at 1.5050. If you are not long EUR yet, then buy a break above 1.5347.