With a potential EURUSD recovery, even EURNZD can be headed back to the highs since we noticed a corrective decline back to 38,2% Fibo. retracement and previous wave »iii« swing high around 1.72 area, which represents an ideal zone for a wave 4. That being said, watch out for a rally, but only a rise back above previoues »b« would be an indication for a bullish continuation into a wave 5.
EURNZD, 1h
