Wave summary:
The price-action for EUR/NZD continues to unfold as expected. We are currently testing the top of wave i at 1.6490 and a breakout above here will call for an extended rally higher towards 1.7191 as the next upside target.
In the short-term, only a breakout below minor support at 1.6390 will indicate that a correction towards at least 1.6311 and 1.6221 is needed before the next impulsive rally higher.
Trading recommendation:
We are long EUR from 1.6045 and will move our stop higher to 1.6390. If you are not long EUR yet, then buy on a breakout above 1.6490 and use the same stop at 1.6390.
