The bias for the NZDEUR is bullish.
Since the start of the year the Kiwi has been on a tear, whilst the euro has continued to struggle under the weight of the Greek debt fiasco.
The shorter-term EMAs are crossed higher and diverging and the price action is above the longer-term EMA filter, which is positive.
More recently, we note that the price action consolidated between 0.6200 and 0.6300.
Overnight the price action broke out of this range, providing us with another buying opportunity.
Traders may consider on stop orders at 0.6330, with stops 150 pips below entry and targets 175 above.