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FxWirePro: EUR/NZD attracts buying interest, 23.6% fibonacci eyed

• EUR/NZD strengthened on Thursday   as euro benefited from  strongly weaker New Zealand dollar.

•EUR/NZD has seen a 1.7950-1.8010 range on Thursday.Today's bounce away from short-term support may be beginning of bull sign

• Technical signals show the pair could gain more ground in the short-term as RSI is at 51 bullish, daily momentum studies  5, 9 and 11 SMAs are trending  up.

• Immediate resistance is located at 1.8038(38.2%fib), any close above will push the pair towards 1.8145(23.6%fib).

• Strong support is seen at 1.7953 (50% fib) and break below could take the pair towards 1.7865  (61.8% fib )

Recommendation: Good to buy around 1.7990  with stop loss of 1.7900  and target price of 1.8080

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