Reason for Selling EUR/NZD :
As per our technical analysis, the NZD becomes more stronger in all currency pairs.
In other side, the EUR also becomes very stronger in all currency pairs due to fundamental reasons.
But, we expect NZD will get more Buyers than EUR. In simple words, Technical mostly works well when comparing to fundamental.
1.62 act as a major price level, On 2014 October EUR/NZD tried more times to breakout the 1.62 top level, but it fails all the time.
This is the reason for Selling EUR/NZD.
Finally market reached our Profit Target Successfully.
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