The EURNZD pair has been in a clear downtrend throughout 2014 and this appears to be coming back into focus today following the topping off on a retracement that has been in play throughout the past weeks. With price breaking below a key neckline, I expect to see further downside in the coming days. The daily chart shows the resistance found upon the 61.8% retracement and upper bollinger band last month, coming within a clear downtrend in the pair. Looking at the MACD indicator, there is clearly a weakening of momentum, given the bullish divergence that is evident. However, on the four hour chart, the break below a ... (full story)