EURNZD long term long setup

Since the last ECB conference, it seems like the EUR just started a major recovery against risk-on currency like AUD, NZD and CAD.

Regarding the EURNZD, we might be just at the start of a long term wave 3 which would correlate with a deep worldwide risk-averse mood given low OIL price, issue with China and the US Fed hicking rates.