While Eurozone growth concerns have dominated the headlines today, the euro (EUR) itself has, all things considered, held up rather well following the recent European Central Bank (ECB) rate cut. Now, EURNZD may provide an opportunity to fade some of the EUR bearishness out there, all while avoiding the vicious price action in EURUSD. The technical set-up in EURNZD is actually quite appealing: a major descending wedge, a massive reversal candle off that descending wedge, and then a nice strong bounce off of the 50% Fibonacci retracement of the move from the bottom of that reversal candle all combine to suggest a ... (full story)