gbp/nzd pair has broken out of a nice flag pattern and a small pullback is underway . the flag pattern after a swift fall in the pair indicates further downside and traders could look to sell the pair with a profit target of about 1.9050 .
After a severe sell of in eur/usd pair over the past few weeks , we might be looking at some accumulation in the pair . On the 4 hour chart there is a bullish head and shoulders pattern as shown in the chart . A break of the neckline at 1.1700 level could lead to a sharp rally upto 1.18000 levels . Traders should watch for a break on the upside through the neckline to go long on the pair.
Eur/gbp pair has formed a triangle pattern on the daily charts . A sharp sell off today in the pair suggests that the triangle might break down on the lower side . Traders should watch for a breakdown from the triangle which could lead to the pair falling up-to 0.8610 level.
expertmarss 
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