Elliott Wave: EUR/NZD - Price is in an ideal support area

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Elliott Wave: EUR/NZD - price is in an ideal support areaWith a possible recovery of EURUSD, EURNZD could even return to its highest levels since we noticed a corrective decline back to 38.2% Fibo and previous wave “iii” near the 1.72 region, which is an ideal area for wave 4. However, only A rise again above the previous wave “b” will be an indication of an upward trend and a continuation of wave 5.

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