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FxWirePro: EUR/NZD eyes fibo resistance after rallying off from 1.8146

• 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

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