Lately the euro has been tracking the New Zealand and Aussie dollars. You can see this from the charts below. The EUR/NZD on the left and the EUR/AUD on the right have been range bound as none of these currencies seem to get a leg up on one another.
However, that's about to change. These currency pairs are coiling up into a symmetrical triangle pattern. In fact, the EUR/NZD has already broken to the downside. The EUR/AUD may head the same way but that remains to be seen yet.
As these pairs break out, there will be significant moves which means there's a significant room for a huge profit to be made.
This will also show you which currencies end up being the strongest when trading the "majors" related to these pairs (EUR/USD, AUD/USD and NZD/USD). The one that ends up being the strongest is the one that you'd want to be long against the dollar.
However, in the mean time, these crosses are going to produce some huge profits as traders hop on board. These pairs will move hundreds of pips in a relatively short amount of time. That could be in a matter of hours to a maximum of two or three days I'd think.
Someone is about to win this tug of war. Shortly you'll find out. It may be the "commodity crosses" that team up on the euro. 
So get ready and watch for the break on EUR/AUD and get poised into the EUR/NZD which has already broken to the downside. EUR/NZD could target 1.8800. That would be huge...but that's where the triangle's targets are pointing to.
Sean Hyman
Editor/Trader
www.money-trader.com
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