EUR/USD - The triangle scenario continues to work well. Wave D of the triangle could be in place with the test of 1.2992, which a break below 1.2915 will confirm. However as long as 1.2915 stays untouched we could see wave D move slightly higher towards 130.13 before wave D is finally in place and wave E of the triangle can develop. Wave E will be the last wave within the triangle and once this E-wave is in place the underlying uptrend will resume towards the upside. for a move higher towards at least 1.3324.
EUR/JPY - The mirror picture of EUR/USD. Here the D wave of the triangle seems to be firmly in place and we should look for the final E-wave lower towards the 100.97 - 101.22 area from where the final rally higher towards at least 104.72 should be seen.
EUR/NZD - The latest development has invalidated the series of waves one's and two's, instead the rally from 1.5700 is impulsive, but the overlapping nature leaves only one possible option, which allows this outcome, which is the Leading Diagonal. Short term we should look for red wave ii of black wave iii towards 1.5782 before the next powerful rally higher towards 1.6127 and much higher longer term.
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