FxWirePro: EUR/NZD Trade Idea

FxWirePro's Hourly EUR Spot Index: 58.9912 (Neutral)

FxWirePro's Hourly NZD Spot Index: -147.018 (Bearish)

Trend for EUR/NZD: Bullish

Technical Studies: Bias Bullish

- Stocks and RSI biased higher, RSI edges above 50.

- Price action breaks 20-DMA, holds above daily cloud.

- MACD line is on verge of a bullish crossover on signal line.

Support levels - 1.6413 (5-DMA), 1.6376 (20-DMA), 1.6297 (50-DMA)

Resistance levels - 1.6545 (50% Fib retrace of 1.8555 to 1.4534 fall), 1.6690 (Sept 7 high), 1.68

Recommendation: Good to go long on dips around 1.6465, SL: 1.63, TP: 1.6545/ 1.66/ 1.6690/ 1.68

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