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FxWirePro:EUR/NZD propelled towards 1.7780 by hawkish remarks from ECB's Lagarde, good to buy on dips

• EUR/NZD rose higher on Tuesday as hawkish remarks from ECB president  drove EUR/NZD pair sharply higher.

• EUR/NZD   vaulted higher, rising above 5-day moving average resistance. A break of 1.7814 resistance is likely.

• Technical signals indicate bullish momentum, as RSI is at 59, daily momentum studies  5, 9 and 11 DMAs are trending  up.

• Immediate resistance is located at 1.7814(23.6% fib), any close above will push the pair towards 1.7856 (Higher BB).

• Strong support is seen at 1.7722 (5DMA) and break below could take the pair towards 1.7659 (38.2% fib )

Recommendation: Good to buy around 1.7770, with stop loss of 1.7680 and target price of 1.7850

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