• EUR/NZD eased towards 1.7730 on Monday as EU's economic figures failed to inspire investor confidence.
• The euro erased Friday’s gains against the kiwi dollar , the pair was last down at 0.24% at 1.7728 .
• A close above23.6%fib, would add to pair’s bullish structure, opening the way for 1.7900 level
• From a technical viewpoint, RSI is strongly bullish at 52, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.7824 (23.6%fib), any close above will push the pair towards 1.7892(Higher BB).
• Immediate support is seen at 1.7730(38.2%fib) and break below could take the pair towards 1.7639(50%fib).
Recommendation: Good to buy around 1.7710 , with stop loss of 1.7600 and target price of 1.7800
