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FxWirePro: EUR/NZD hovers around 1.8030, bias is bullish

• EUR/NZD steadied on Thursday  as   investors digested US DGDP data and awaited new catalyst .

•U.S. gross domestic product grew at a 1.6% annualized rate in the January-March period, slower than the 2.4% rate expected by economists

• Investors are now focused on March PCE, the Fed's favored inflation gauge, which is due on Friday.

• A close above 23.6%fib resistance , will likely trigger a new bullish phase with potential for 1.8150. 

•  Immediate resistance is located at 1.8088( 23.6%fib), any close above will push the pair towards 1.8136 (April 19th high)

• Strong  support is seen at 1.8005(5SMA ) and break below could take the pair towards 1.7996  (38.2%fib).

Recommendation: Good to buy  around 1.8010, with stop loss of 1.7900 and target price of 1.8100

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