FxWirePro's Hourly EUR Spot Index: 58.9912 (Neutral)
FxWirePro's Hourly NZD Spot Index: -147.018 (Bearish)
Trend for EUR/NZD: Bullish
Technical Studies: Bias Bullish
- Stocks and RSI biased higher, RSI edges above 50.
- Price action breaks 20-DMA, holds above daily cloud.
- MACD line is on verge of a bullish crossover on signal line.
Support levels - 1.6413 (5-DMA), 1.6376 (20-DMA), 1.6297 (50-DMA)
Resistance levels - 1.6545 (50% Fib retrace of 1.8555 to 1.4534 fall), 1.6690 (Sept 7 high), 1.68
Recommendation: Good to go long on dips around 1.6465, SL: 1.63, TP: 1.6545/ 1.66/ 1.6690/ 1.68
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