EURNZD - Weekly bottomed, daily entry

FX:EURNZD   Euro / New Zealand Dollar
158 7 2
I suggested months back that EURNZD             has bottomed, the chart is below in the linked section.

The daily chart shows some kind of reversal pattern, a combination between a H&S and a double bottom . Price retested the support provided by this pattern, made a false breakout below the local support, and then rallied strongly on news. I believe this pair has a long way to go. First important resistance that needs to break is at 1.64444.
12.11.2014 closed out
Dont forget about 03/2011 Trendline. It has been tested several times. There is a fight between trend/Resistance and 200DMA, I'm waiting for a confirmation above 1.64 to take a long bias
I do not watch trend lines :)
OMBS vlad.adrian
Nice! I thought I used simple technical analysis but you have surpassed me ha
Well, you can use whatever suits you best. For me, trend lines don't work
OMBS vlad.adrian
I totally agree
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