Wave summary:
We have finally seen the expected upside acceleration and EUR/NZD is currently testing resistance near 1.7102, This resistance might be able to cap the upside for a minor correction closer to 1.6965, but form there a new attempt is expected on the resistance at 1.7102, and this time it should prove successful for a continuation higher to 1.7470 and the way higher to 1.7777.
R3: 1.7222
R2: 1.7147
R1: 1.7102
Pivot: 1.7050
S1: 1.7025
S2: 1.6997
S3: 1.6965
Trading recommendation:
We are long EUR from 1.6790 and we will move our stop higher to 1.6850.
