Wave summary:
EUR/NZD has rallied nicely and is headed towards the first more substantial resistance near 1.7100. Once this resistance is cleared, the way higher to 1.7470 and 1.7777 is open.
Support is now seen at 1.6850, and the important support is seen at 1.6780.
R3: 1.7094
R2: 1.6990
R1: 1.6937
Pivot: 1.6887
S1: 1.6850
S2: 1.6780
S3: 1.6723
Trading recommendation:
We are long EUR from 1.6790, and we will move our stop higher to 1.6775.
