FxWirePro: EUR/NZD Trade Idea

EUR/NZD chart on Trading View used for analysis

FxWirePro Currency Strength Index for EUR/NZD: Bias Bullish
FxWirePro's Hourly EUR Spot Index was at 100.486 (Bullish)
FxWirePro's Hourly NZD Spot Index was at -146.531 (Bearish)

Technical Analysis: Bias Bullish
- Price action has brokn above 55-EMA, hovers around 38.2% Fib
- RSI above 60, bias higher
- Momentum studies are highlt bullish
- Volalitily rising, MACD supports further gains

Support levels - 1.6885 (55-EMA), 1.6779 (5-DMA), 1.6688 (21-EMA)
Resistance levels - 1.6940 (38.2% Fib), 1.7034 (110-EMA), 1.7113 (200-DMA), 1.7128 (50% Fib)

Recommendation: Stay long above 1.6940, SL: 1.6880, TP: 1.70/ 1.7035/ 1.7110

For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.