EUR/NZD: More Left?

 | May 18, 2015 08:50AM ET

EUR/NZD
Currently we are at 1.5374 and have probably put the left shoulder in play of a H&S pattern. We are looking for a continuation to the Resistance area at 1.5494 for the head part and then start the reversal. The average daily true range (ATR) for the pair currently is 222 pips.