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FxWirePro :EUR/NZD rises to highest level since July 21st,bulls in control

• EUR/NZD rose higher on Tuesday as concerns about rising global COVID-19 infections weighed on  the kiwi dollar.

•The pair reaches 1.8262 after extending north from 1.6848 (Daily low). 1.7020 is the highest level since 21st July.

• Technical signals show the pair could gain more ground in the short-term as RSI is at54  bullish, daily momentum studies  5, 10 and 21 DMAs are trending  up. 

• Immediate resistance is located at 1.7006 (23.6% fib), any close above will push the pair towards 1.7050 (Higher BB).

• Strong support is seen at 1.6943(38.2% fib) and break below could take the pair towards 1.6890 (50% fib ).

Recommendation: Good to buy around 1.6960, with stop loss of 1.6850  and target price of 1.7050 
 

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