• EUR/NZD strengthened on Monday as the pairs bullish streak continued on ahead of ECB meeting on Thursday .
• The European Central Bank's (ECB) upcoming session is set to be the focal point this week, with expectations leaning towards a policy pause, yet with prospects for a December rate hike
• Saily close above 1.7125(23.6% fib)will further improve the technical outlook, and open the possibility of a rally towards 1.7200 level..
• Technical signals show the pair could gain more ground in the short-term as RSI is at 69 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.8275(23.6%fib), any close above will push the pair towards 1.8324 (Sep 4th high).
• Strong support is seen at 1.8155(5DMA) and break below could take the pair towards 1.8111 (38.2%fib )
Recommendation: Good to buy around 1.8220 with stop loss of 1.8120 and target price of 1.8280
