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• EUR/NZD held steady on Tuesday but gains were limited as investors awaited fresh impetus for further movement .
• EUR/NZD bulls appeared cautious, as U.S. February PCE, the Fed's favored inflation gauge, and weekly claims reports loom.
• EUR/NZD longs will need close above 1.8060(23.6%fib) resistance , bulls could then rally towards 1.8100 level.
• Technical signals are bullish as RSI is at 71, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.8060(23.6%fib), any close above will push the pair towards 1.8104 (Higher BB).
• Strong support is seen at 1.7999 (March 26th low) and break below could take the pair towards 1.7963 (38.2% fib )
Recommendation: Good to buy around 1.8030, with stop loss of 1.7900 and target price of 1.8100
