EUR/NZD Analysis, Chart, and Trading Idea

Analytics for EUR/NZD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The Forex pair is traded near the lower border of its flat move. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the downward truncated structure

Stop Loss: under the local minimum of the downward structure

Target price levels: 1.6943; 1.7020