Wave summary:
EUR/NZD is having trouble breaking above resistance at 1.6414 and more importantly resistance at 1.6451, but it should just be a matter of time before this resistance is broken for the next rally higher towards 1.6690 and 1.6875.
Support is seen at 1.6289, which should be able to protect the downside for the expected break above 1.6451.
R3: 1.6533
R2: 1.6488
R1: 1.6451
Pivot: 1.6400
S1: 1.6344
S2: 1.6289
S3: 1.6236
Trading recommendation:
WE are long EUR from 1.6365 with stop placed at 1.6250. If you are not long EUR yet, then buy a break above 1.6451 with your stop placed at 1.6275.
