The 3rd wave in EUR/NZD appears to have been completed, and the market seems to be entering the 4th wave. There is a possibility that the 4th wave could take support near the Fibonacci 0.5 level (1.19164). After that, the 5th wave of the impulse phase may move upward.
If the market falls below 1.98303, it would confirm the beginning of the 4th wave. In that scenario, the first target could be around 1.95907.
If the market falls below 1.98303, it would confirm the beginning of the 4th wave. In that scenario, the first target could be around 1.95907.
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