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FxWirePro:EUR/NZD consolidating around 1.8287,bias is bullish

• 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

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