FxWirePro: EUR/NZD consolidates around 1.8200, maintains bullish bias

• EUR/NZD strengthened on Friday as the pairs bullish  allure persisted across the board  ahead of next weeks key data.

• November German Ifo and Euro Zone manufacturing, non- manufacturing PMIs will be key risks next week. 

• A daily close above  23.6% fib resitence will further improve the technical outlook, and open the possibility of a rally towards 1.8300 level.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 56  bullish, daily momentum studies  5, 9 and 11 DMAs are trending  up. 

• Immediate resistance is located at 1.8230 (23.6% fib), any close above will push the pair towards 1.8286 (Nov 14th high).

• Strong support is seen at 1.8138(5DMA) and break below could take the pair towards 1.8086 (38.2% fib )

Recommendation: Good to buy around 1.8200, with stop loss of 1.8120 and target price of 1.8280