EURNZD has completed a full five-wave impulse structure with wave five forming an ending diagonal pattern which often signals exhaustion of the trend and a potential reversal ahead price action has respected each subwave count confirming that the bullish cycle is mature and momentum is fading therefore probability favors a corrective decline as the market seeks to retrace towards prior support zones traders should be cautious chasing longs at these elevated levels and instead prepare for a corrective leg that may unfold in the coming sessions.
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