Traders - do not be fooled, the recent bearish
movement of eur/nzd is purely a retracement following the pair's 2015 move - classic bull flag
stuff. On daily chart
, the pair closed above the falling trendline
that has been in force since mid July, signalling further bullish
action for the pair.
I suggest longing upon retest of falling trendline
following retracement of the most recent move (not sure how to show both charts on the same idea!).
Juicy R:R on this one peeps, get stuck in.