EUR/NZD - Weekly
EUR/NZD - Hourly
Wave summary;
Our long-term outlook continues to point higher towards the diamond formation target at 1.9900.
Short-term, we are looking for a minor correction close to 1.6171 from where the next rally higher to 1.6636 and 1.6969. A break below minor support at 1.6451 confirms the expected corrective decline closer to 1.6171.
R : 1.6710
R2: 1.6632
R1: 1.6634
Pivot: 1.6600
S1: 1.6540
S2: 1.6435
S3: 1.6348
Trading recommendation:
We are looking for a EUR buying opportunity in the 1.6171 - 1.6348 area.
