The up trend line has been broken and the retracement seems concluded... aditionally, the monthly pivot has made its work rejecting the price... so for me it is a good time for short with my target close to the quartely pivot ... any good comment?
Agreed. It is likely to be a great short on eurnzd. After EUR has strengthen against NZD over 4 months, time to retrace. :-). With both Spanish and German political situation, this may helps to weaken Eur to weaken after months of domination.