EURNZD shows a CYPHER setup on daily/weekly chart and a 5wave up which price is expected to form a 3wave down to 1.62000 - 1.58000 region. The 1st wave (A) was completed at 1.63230 while correction (B) was completed at 1.71800. A 5wave drop (C) is expected to complete the 3rd leg of the daily/weekly chart correction. I am expecting a further bearish move to 1.62000 - 1.58000 region. Sell around 1.68300 - 1.68700 region to target 1.62000 which is about 600pips target. Stop Loss at 1.72000