FX.co ★ Elliott Wave Ananlysis of EUR/NZD for July 26, 2017

Wave summary:

There is absolutely nothing new to add here. The range-trading in the 1.5577-1.5899 area is continuing. We still expect a break above 1.5780 and more importantly a break above 1.5899 to be seen for a continuation higher towards 1.6236 and above.

Trading recommendation:

We are long EUR from 1.5510 with stop placed at 1.5410. If you are not long EUR yet, then buy a break above 1.5780 and use the same stop.