Wave summary:
EUR/NZD failed to build on the break above 1.5441 and topped out already at 1.5450 indicating that wave [iv] still is unfolding. More corrective downside pressure close to 1.5230 still should be expected before wave [v] will be ready to take over, for a rally towards 1.5764.
R3: 1.5780
R2: 1.5667
R1: 1.5554
Pivot: 1.5365
S1: 1.5275
S2: 1.5230
S1: 1.5170
Trading recommendation:
Our stop is at 1.5360 for a nice profit. We will re-buy EUR at 1.5235 or upon a break above 1.5456.