FxWirePro: EUR/NZD steadies as Eurozone PMI data helps longs take the reins

• EUR/NZD strengthened on Tuesday  as   investors found comfort in   upbeat euro zone PMI data.

• Business activity overall in the euro zone expanded at its fastest pace in nearly a year this month as a buoyant recovery in the bloc's dominant service industry more than offset a deeper downturn in manufacturing..

• A close above 38.2%fib resistance , will likely trigger a new bullish phase with potential for 1.8150. 

• Technical signals are bullish as RSI is at 55, simple moving averages  5,9 and 10   are trending up.

•  Immediate resistance is located at 1.8065( 38.2%fib), any close above will push the pair towards 1.8136 (April 19th high)

• Strong  support is seen at 1.8012(9DMA ) and break below could take the pair towards 1.7981  (38.2%fib).

Recommendation: Good to buy  around 1.8000, with stop loss of 1.7900 and target price of 1.8100