- EUR/NZD is another pair that I believe is going to be a great pair to trade this week. I am looking at the 4 hour chart, there is a double top formation with a lower high around the 61.8% Fibonacci level. A break of the trend line I have drawn will be good confluence to enter. I will also be looking to see if there is any re-tracement to get some cheap sells. Once support at 1.52000 level is broken I see price gaining momentum to easily reach the 1.49000 price point. On higher time frames like the Daily and Weekly you can tell the true trend is bearish.
