• EUR /NZD shot higher on Friday after a surprisingly strong U.S. jobs report boosted the pair.
• U.S. employers added 353,000 jobs in January, beating the 180,000 jobs economists had expected.
• The euro jumped 1.36% against kiwi dollar , rise above the 1.7000(Psychological level) has reinforced the growing bullish strength.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 57,while moving averages are trending higher.
• Immediate resistance is located at 1.7792 (23.6% fib), any close above will push the pair towards 1.7828 (Jan 24th high).
• Immediate support is seen at 1.7720(38.2% fib)and break below could take the pair towards 1.7654(50% fib).
Recommendation: Good to buy on dips around 1.7760, with stop loss of 1.7660 and target price of 1.7820
