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FxWirePro: EUR/NZD Trade Idea

EUR/NZD chart - Trading View 

EUR/NZD trades in a narrow range, capped below 1.72 handle.

Price action is extending break above 200-DMA, bias bullish.

The pair is trading above major moving averages and daily cloud.

Momentum studies support gains, break above 1.72 eyes 61.8% Fib at 1.7303.

On the flipside, 5-DMA is immediate support at 1.7124. Break below 200-DMA negates bullish bias.

Support levels - 1.7124 (5-DMA), 1.6968 (200-DMA)

Resistance levels - 1.72 (trendline), 1.7303 (61.8% Fib)

Recommendation: Watch out for break above 1.72 to go long, target 1.73

For details on FxWirePro's Currency Strength Index, visit

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