Wave summary:
EUR/NZD is consolidating near minor resistance at 1.6348, but it should only be a matter of time before this resistance is cleared and the uptrend continues towards 1.6636 and 1.6969.
Short-term support is seen at 1.6288, which is expected to protect the downside for the next rally higher towards 1.6636.
R3: 1.6636
R2: 1.6536
R1: 1.6394
Pivot: 1.6300
S1: 1.6289
S2: 1.6247
S3: 1.6212
Trading recommendation:
We are long EUR from 1.6125 with stop placed at 1.6225. If you are not long EUR yet, then buy near 1.6289 and use the same stop at 1.6225.
