• EUR/NZD rallied on Wednesday as euro was boosted by economic data pointing return of growth in eurozone bloc.
• Euro zone business activity returned to growth in July, with Wednesday’s final Composite Purchasing Manager’s Index (PMI) at 54.9 in July, compared to June’s 48.5 and the flash estimate of 54.8.
• EUR/NZD bulls confidence is running high, a test of the 1.8048 (38.2% fibo) highly seem s likely.
• From a technical viewpoint, RSI is strongly bullish at 70.00, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.7883 (50%fib), any close above will push the pair towards 1.7956 (June1 st high).
• Immediate support is seen at 1.7708 (61.8% fib) and break below could take the pair towards 1.7646 (11 DMA).
Recommendation: Good to buy on dips around 1.7800, with stop loss of 1.7701 and target price of 1.9785.


EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro- Major Pair levels and bias summary
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: GBP/USD falls to two-week low on strong US jobs data 



