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• 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
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FxWirePro:EUR/NZD bullish outlook with scope to target 1.6700
Monday, December 27, 2021 6:25 PM UTC
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