EURNZD May Have Topped

EUR is coming sharply to the upside against NZD, hitting new highs, however, looking at the wave structure, we still see the market is in a fifth wave, but it appears that this wave five has a much more extended structure than initially expected. Still, it looks like the final leg of the impulse up from the 1.7490, with the shape of a wedge now at the top, with potential reversal happening as prices comes down from a wedge, signals more weakness, especially if slips back below 2.00 level.