FxWirePro: EUR/NZD edges above 1.6700 and now targets key fibo resistance

• EUR/NZD initially dipped on Wednesday but recovered some ground as concerns eased after Evergrande deal.

•China Evergrande said it would be able to pay a coupon on one of its bonds, easing some market jitters.

• EUR/NZD  nears  1.6667(50%fib) before pulling above 1.6700 in late US session .

•Daily technical  lean bullish as moving averages are trending up while, daily RSI is turning up.

• Immediate resistance is located at 1.6718 (38.2%fib), any close above will push the pair towards 1.6778(23.6%fib).

• Immediate support is seen at 1.6661 (50%fib) and break below could take the pair towards 1.6610 (61.8%fib).

Recommendation: Good to buy  around 1.6690, with stop loss of 1.6800 and target price of 1.6760