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• EUR/NZD strengthened on Tuesday as the euro's post-EU summit allure persisted across the board.
• EUR/NZD initially dipped but found buyers at 1.7557, rally lifts the pair towards 1.7617. A break and daily close above 1.7712 (50%fib) will accelerate further gains.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 61 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.7664 (Daily high), any close above will push the pair towards 1.7712 (50%fib).
• Strong support is seen at 1.7535 (55 DMA) and break below could take the pair towards 1.7458(61.8% fib )
Recommendation: Good to buy around 1.7600, with stop loss of 1.7410 and target price of 1.7700
