I believe that eurnzd allready bottomed in 2013 and right now it is standing in an area where we should look for long setups. The current setup isn't great, but there is some reasoning behind it. There is a slight divergence on the histogram and an engulfing week. This is not enough to make me believe that this pair is going to reverse right here and place a stop below last week's low, that is why I have a stop below 1.48000. At 1.48000, I am going to be really on this pair.