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.
The material has been provided by InstaForex Company - www.instaforex.com