Wave summary:
EUR/NZD spiked lower to 1.6630 before completing the correction from 1.6937, however, the strong rally from the 1.6630 low is a clear indication that the wave ii is now complete and the wave iii higher to at least 1.7360 is developing on the way higher to 1.7777.
A clear break above the mark of 1.6937 will call for 1.7064, that might hold for a minor set-back to 1.6810 getting significantly higher towards 1.7360 again
R3: 1.7064
R2: 1.7026
R1: 1.6937
Pivot: 1.6800
S1: 1.6740
S2: 1.6684
S3: 1.6630
Trading recommendation:
We are long EUR from 1.6695 and we will move our stop higher to 1.6620.
