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FxWirePro: EUR/NZD steadies around 1.8260,good to buy on dips

• EUR/NZD steadied on Wednesday as focus shifted to  euro zone employment data on Thursday and Q2 GDP for hints at near-term ECB policy.

• The ECB has raised rates at each meeting over the past year, taking its deposit rate to 3.75%, and its governing council will meet on Sept. 14 to decide on monetary policy.

• A daily close above  23.6% fib will further improve the technical outlook, and open the possibility of a rally towards 1.8400 level.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 56 bullish, daily momentum studies  5, 9 and 11 DMAs are trending  up.

• Immediate resistance is located at 1.8333(23.6% fib), any close above will push the pair towards 1.8403 (Higher BB).

• Strong support is seen at 1.8243(5DMA) and break below could take the pair towards 1.8182(38.2% fib )

Recommendation: Good to buy around 1.8250, with stop loss of 1.8140 and target price of 1.8340

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