• EUR/NZD rose higher on Wednesday on as broad based New Zealand dollar selling drove EUR/NZD pair higher .
•The pair reaches 1.8120 after extending north from 1.8000 (Psychological level). 1.8120 is the highest level since 19th Oct high.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 62 bullish, daily momentum studies 5, 10 and 21 DMAs are trending up.
• On the upside, Immediate resistance is located at 1.8142 (19th Oct high), any close above will push the pair towards 1.8193 (23.6% fib).
• Strong support is seen at 1.8077 (32.8% fib) and break below could take the pair towards 1.8049 (21DMA )
Recommendation: Good to buy around 1.8110, with stop loss of 1.8000 and target price of 1.8200
