EUR/NZD - Daily
EUR/NZD - 4 Hourly
Wave summary:
We continue to look for a break above minor resistance at 1.5200 to provide upside acceleration towards 1.5516 and above. Our preferred count shows that an ending diagonal completed with the test of 1.4812 and a return to the origin of the ending diagonal at 1.5839 is developing.
Short-term, the risk remains a break below minor support at 1.5000 that will delay the expected upside pressure.
Trading recommendation:
We are long EUR from 1.4950 with stop placed at 1.5000. If you are not long EUR yet, then buy a break above 1.5200 and use the same stop at 1.5000.
The material has been provided by InstaForex Company - www.instaforex.com