• EUR/NZD steadied on Monday as gains driven by optimism around China's stimulus measures to revitalise its economy .
• A holiday in the United States kept a lid on activity ahead of key readings on Chinese trade and inflation later this week.
• EUR/ NZD is steading near 23.6% fib resistence. A close above break above will opens up 1.8300 level.
• Technical signals show the pair could gain more ground as RSI is bullish at 51, and 21, 30 DMA’s are trending north.
• Immediate resistance is located at 1.8219(23.6% fib ), any close above will push the pair towards 1.8300 (24th Aug high).
• Immediate support is seen at 1.8142 (5DMA) and break below could take the pair towards 1.8082 (38.2% fib).
Recommendation: Good to buy round 1.8160, with stop loss of 1.8080 and target price of 1.8260
