• EUR/NZD strengthened on Friday as European Central Bank's optimism on the economic outlook and upbeat eurozone PMI data supported euro .
• Flash purchasing managers’ index numbers for April came in better than expected in the euro zone and supported the view that the region’s economic recovery.
• Technically picture is also positive for EUR/NZD, as 5, 10 and 21 daily moving averages head higher and RSI in positive zone.
• Immediate resistance is located at 1.6826 (38.2%fib), any close above will push the pair towards 1.6925 (23.6 % fib).
• Immediate support is seen at 1.6750 (5 DMA) and break below could take the pair towards 1.6693 (23.6%fib).
Recommendation: Good to buy on dips around 1.6800, with stop loss of 1.6750 and target price of 1.6870.


NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro- Major Pair levels and bias summary
ETHUSD Dip: Prime Buy Zone to $3600 Targets
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 



