FxWirePro: EUR/NZD getting back on track for a run towards 1.8150 level

•EUR/NZD recovered some ground   after initially falling   as the pair was aided by profit-taking on shorts.

•After hitting 1.7982 (50%fib ) support, pair has recovered to 1.8081, EUR/NZD may need a break above 38.2%fib to clear  assault on next major resistance at 23.6%fib.

• Technical signals are bullish  as RSI is at 54, daily momentum studies  5, 9 and 10 DMAs are trending up.

• Immediate resistance is located at 1.8080(38.2%fib), any close above will push the pair towards 1.8215(23.6%fib)

• Support is seen at 1.7982 (50%fib ) and break below could take the pair towards 1.7880 (61.8%fib).

Recommendation: Good to buy around 1.8050, with stop loss of 1.7950 and target price of 1.8150