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Long

EUR/NZD Wave analysis

FX:EURNZD   Euro / New Zealand Dollar
The pair is sizing up for long-term bearish move and is now constructing only first two waves of an Elliott wave .
Second wave being an corrective wave has a three wave structure - ABC .
The breaking of the trendline indicates the commencement of wave C.
Hence, traders can take advantage of the near-term bullish bias and initiate long positions.
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