EUR/NZD - Daily
EUR/NZD - 4 Hourly
Wave summary:
To confirm that a long-term bottom is in place with the test of 1.4812, a break above 1.5516 is needed. Our preferred count shows that an ending diagonal completed with the test of 1.4812 and a break above 1.5516 will confirm a return to the origin of the ending diagonal near 1.5833 and above.
A break above 1.5516 will confirm that the long-term correction from 1.9023 completed at 1.4812 and that a new impulsive rally to above 1.9023 is building.
Trading recommendation:
We are long EUR from 1.4950 with stop placed at 1.4805. If you are not long EUR yet, then buy near 1.5025 and use the same stop at 1.4805.