• EUR/NZD edged higher on Monday but gains were limited as investors awaited data from Eurozone bloc .
• Germany and Spain will release inflation data on Wednesday. France, Italy and the euro area’s aggregate numbers are due on Thursday.
• EUR/ NZD was last trading at 1.8281 up 0.01 percent. A close above break above will opens up 1.8400 level.
• Technical signals show the pair could gain more ground as RSI is bullish at 60, and 9, 11,21 DMA’s are trending north.
• Immediate resistance is located at 1.8334(23.6% fib ), any close above will push the pair towards 1.8408 (Aug 22nd high).
• Immediate support is seen at 1.8145(38.2% fib) and break below could take the pair towards 1.8071 (30DMA).
Recommendation: Good to buy round 1.8280, with stop loss of 1.8190 and target price of 1.8380
