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FxWirePro: EUR/NZD extends gains, eyes 1.8400 level

• EUR/NZD rose  on  Thursday after a modest rise in U.S. consumer prices boosted Fed rate pause bets.

•EUR/NZD has seen a 1.8083 -1.8261 range on Thursday.Today's bounce away from   support 1.7983(5DMA) may be beginning of bull sign

• Technical signals show the pair could gain more ground in the short-term as RSI is at 66 bullish, daily momentum studies  5, 9 and 11 DMAs are trending  up.

• Immediate resistance is located at 1.8266(38.2%fib), any close above will push the pair towards 1.8300 (Psychological level).

• Strong support is seen at 1.8134(38.2% fib) and break below could take the pair towards 1.8071 (9DMA )

Recommendation: Good to buy around 1.8260 with stop loss of 1.8130 and target price of 1.8400

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