Wave summary:
EUR/NZD continues to follow the expected path almost to perfection. After the minor dip to 1.6968 we are looking for a firm break above the resistance at 1.7100 for a continuation higher to 1.7470 on the way towards 1.7777.
Support is now seen at 1.7010 and again at 1.6968.
R3: 1.7264
R2: 1.7166
R1: 1.7100
Pivot: 1.7010
S1: 1.6968
S2: 1.6930
S3: 1.6877
Trading recommendation:
We are long EUR from 1.6790 with stop placed at 1.6850. Upon a break above 1.7100 our stop will be lifted to 1.6950.
