FxWirePro :EUR/NZD steadies above 1.6600 level, retains bid tone

• EUR/NZD rose higher on Monday   as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France.

• EUR/NZD climbs above 1.6600 and holds near the day's high late US session. The pair hit daily high at 1.6637.

• Technical signals are bullish as RSI is at 55, daily momentum studies  5, 9 and 10 DMAs are trending up.

• Immediate resistance is located at 1.6721( Higher BB), any close above will push the pair towards 1.6786 (23.6%fib).

• Support is seen at 1.6561 (14DMA ) and break below could take the pair towards 1.6524 (38.2%fib).

  Recommendation: Good to buy around 1.6570, with stop loss of 1.6470 and target price of 1.6660