EUR NZD Monthly Analysis Jan 14

This pair looks extremely bullish on weekly and monthly charts. This pair has rejected 38.2 and 50% Bullish fibs and trendline support.

Pair is likely to reach 1.70 which is a long term resistance and then if holds above it 1.82.
Weekly

 Monthly

EUR/NZD Daily Trade Set up_ 07th January 2014

This pair has broken the support at 1.6700 or rather showed false break above this level before reversing uptrend. I see 2 possibilities here.

Pair will retrace up to retest 1.67 before resuming downtrend. OR
Pair will break support at 1.64 to move towards 1.61. This is fast moving pair so 2nd possibility is more likely to happen.

I have placed sell limit at 1.66300 and sell stop at 1.63400.

EUR/NZD Daily 07012014

EUR/NZD :
Bias: Bullish