• EUR/ NZD dipped on Thursday as investors awaited Friday's euro zone GDP data .
• Euro zone GDP data is a key risk for Friday.An upside surprise is likely to send EUR/ NZD sharply higher
• The pair was trading at 1.7943, not far from 1.8090 it reached on 26th April.
• Technical signals show bullish bias as RSI is at 65, daily 5, 10 & 21 MAs heading higher .
• Immediate resistance is located at 1.8108 ( 23.6%fib), any close above will push the pair towards 1.8187 ( Higher BB)
• Support is seen at 1.7905 (5DMA) and break below could take the pair towards 1.7834 (38.2%fib).
Recommendation: Good to buy on around 1.7930, with stop loss of 1.7830 and target price of 1.8070.
