FXstreet.com (Barcelona) - NZD/EUR continues to make historic highs above 0.6600, as latest Eurozone indicators suggest the European growth stagnation goes from bad to worse. As Bank of New Zealand currency strategist Mike Jones noted last week, "there’s no doubt that positive NZ-EU relative growth and interest rate differentials are big cyclical tailwinds for the NZD/EUR". The bank analysis on how much further until the pair finds its ‘peak’, currency strategist Mike Jones sticks to his last week's call about 0.6800/0.6900. In other words, "there is room for further mild appreciation in the NZD/EUR, but not a lot" Mike says, adding that "the bigger picture is that we are now close to the peak and we look for the cross to spend most of the rest of year in an elevated 0.6100- 0.6600 range."