Wave summary:
EUR/NZD continues to push higher and has now cleared the channel resistance-line, which also what one would expect during wave (iii). We continue to look for minor support at 1.7085 and more importantly for support at 1.6958 to protect the downside for the next rally higher towards the 1.7777 target.
R3: 1.7454
R2: 1.7273
R1: 1.7222
Pivot: 1.7085
S1: 1.6958
S2: 1.6918
S3: 1.6870
Trading recommendation:
We are long EUR from 1.6840 with stop placed at 1.6950.
