EUR/NZD -- Daily
EUR/NZD - 4-hour chart
Wave summary:
Wave [iii] continues to extend and could still make it slightly higher towards 1.5512 before wave [iii] is complete and a correction in wave [iv] takes over for a decline towards 1.5137 with an outside possibility for a deeper correction to 1.5012.Short term, a break below minor support seen at 1.5276 will indicate that wave [iii] has completed and wave [iv] is unfolding.
R3: 1.5659
R2: 1.5519
R1: 1.5456
Pivot: 1.5395
S1: 1.5276
S2: 1.5190
S3: 1.5137
Trading recommendation:
We will buy EUR at 1.5145.
