Something very interesting will happen with Eur pairs within several days from now, maybe few weeks.
One of the pairs to watch and to trade is the EURNZD which is reaching extremely strong reversal area.
It is impossible to put a finger on the exact level where the retrace will come from but if you take a look on the chart below, you will see that inside the range of the resistances the pair could also meet 200 MA and long down trend line.
I also build a bearish hidden divergence so the down move, at least back to 20 MA and the uptrend line is only question of time, not a question of it.
Here is the chart:
Good luck
Yours,
Vladimir Ribakov
