Last post EURNZD.
EURNZD currently staying around 1.581 after it has reached at 1.599 very earlier today. The box range trend is still to be expected below 1.600 and bottom could be 1.570 - 1.580.
However, fundamentals risk exist particularly in EUR due to the economic situation. Some market players analyze inflation in EUR for next year could be negative (deflation), and ECB announced they still have room to bring QE.
It seems down side risk at EUR is remaining and EURNZD could break its expected range if further concerns or down side information were revealed.
Ref)
http://uk.reuters.com/article/2014/12/01/global-economy-weekahead-idUKKCN0JF27G20141201
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