Wave summary:
EUR/NZD continues to follow the expected path and with support at 1.6865 tested wave ii should be over soon for a break above minor resistance at 1.6940 for more upside pressure in wave iii towards at least 1.7375 on the way higher to the long-term target near 1.7777.
R3: 1.7064
R2: 1.6993
R1: 1.6940
Pivot: 1.6855
S1: 1.6822
S2: 1.6802
S3: 1.6780
Trading recommendation:
We are long EUR from 1.6873 with our stop placed at 1.6795.
