FxWirePro:EUR/NZD bullish outlook with scope to target 1.6700

• EUR/NZD rose higher on Monday as Omicron uncertainty and growth concerns weighed on riskier currency line kiwi dollar.

• EUR/NZD climbs above 1.6600 and holds near the day's high late US session. The pair has hit daily high at 1.6666.

• Technical signals are bullish as RSI is at 54, daily momentum studies  5, 9 and 10 DMAs are trending up.

• Immediate resistance is located at 1.6666 ( 38.2%fib), any close above will push the pair towards 1.6750 (Higher BB).

• Support is seen at 1.6552(50%fib ) and break below could take the pair towards 1.6528  (Lower BB).

Recommendation: Good to buy around 1.6620, with stop loss of 1.6540 and target price of 1.6450