Wave summary:
EUR/NZD has reached its 1.7000 target and could still move a little lower towards 1.6922 as long as minor resistance at 1.7057 is able to cap the upside. That said, a corrective low should be close at hand for renewed upside pressure towards 1.7480 on the way towards 1.7777.
R3: 1.7147
R2: 1.1714
R1: 1.7057
Pivot: 1.7010
S1: 1.6984
S2: 1.6920
S3: 1.6851
Trading recommendation:
We are short EUR from 1.7200. We will move our stop lower to 1.7065.
