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FxWirePro: EUR/NZD sustains gains despite on going geopolitical risks

• EUR/NZD strengthened on Monday as weaker kiwi dollar benefited bulls, but  the gains were  capped  amid  middle east tensions.

• The is pair heading towards the 23.6%fib, as near term direction of the pair is likely to be driven by current price action. 

• Technical signals are bullish as RSI is at 55, daily momentum studies  5,9 and 10 DMAs are trending up.

•  Immediate resistance is located at 1.8037( 23.6%fib), any close above will push the pair towards 1.8083 (April 3rd high)

• Strong  support is seen at 1.7959 (9DMA ) and break below could take the pair towards 1.7931  (38.2%fib).

Recommendation: Good to buy  around 1.7980, with stop loss of 1.7880 and target price of 1.8060

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