[Dan]

Today, I decided to follow the technicals and short EURUSD and short NZDJPY

In both instances we seem to be heading for very compelling breaks, which suggest renewed downside is on the cards.

As a consequence,
I sold EURUSD at 1.3035 with a stop loss at 1.3200 and
I sold NZDJPY at 56.17 with a stop loss at 57.70.

The Technicals:
EURUSD


• The daily close below 1.3113 that we have been looking for now looks likely to be achieved today.
• Such a close would suggest a move to at least 1.2750-60 and possibly more

NZDJPY


• The break below 56.66 confrims for me that the hold of the 200 day moving average, the key day reversal off the 76.4% pullback and this break have created a top in NZDJPY
• I'm not sure how far it will go but I think it could be a big move