EURNZD - Possibly concluding 3 year impluse

The EURNZD appears to be terminating an impulse which began three years ago nearly 10,000 pips higher. The spike on this weeks bar could potentially be the end, however the subdivisions of the current Wave 5 Blue are not readily apparent. A 15 minute view displays an obvious impulse higher. It is possible this merely the beginning of a Wave 4 Black of this Wave 5 Blue. In either case the short term momentum is higher. Therefore, I will attempt to enter into long positions at 1.6100 and 1.6035, with a stop loss at 1.5920.