EURNZD is in zig zag uptrend after it has made a retail gap cause by NZD weakness. 1.5680-70 presents a good POC with possible fresh buyers at the region. If 5640 holds 5765 is the target. Adding to EURNZD is EUR weakness ( but close to support ) and overall NZD weakness where just a hint of strength in EUR will propel the pair up. Thats why we are waiting for a retracement (loss of momentum- retracement will lead us to fresh buyers - new momentum).
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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