There was no time for a correction to 1.6614. EUR/NZD moved straightly higher as wave iii of (iii) of 3 is gathering traction towards the next upside target at 1.7770 and 1.8430 longer terms.
Support is now seen at 1.6855, this support will ideally protect the downside for the rally through 1.7216 on the way higher to 1.7770.
We are long EUR from 1.6770. We will move our stop higher to 1.6750.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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