Initial bias for the next week is neutral

FX_IDC:EURNZD   Euro / New Zealand Dollar
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Initial bias for the next week is neutral for EURNZD             . The pair traded in a range between 1.65711 and the strong support of December 2005'5 low @1.6211. Break below the current support could test the support @1.58260 but as long as it holds above the current support, we should follow the bull and the next target could then be the 50% retracement of the longer term projection from 1.95528 to 1.38574
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