FxWirePro: EUR/NZD uptrend looks tired, but continues to hold

• EUR/NZD steadied  on Thursday as investors digested the European Central Bank's December policy meeting minutes.

•ECB policymakers expressed confidence in inflation returning to target but identified risks that justified maintaining a steady policy and keeping borrowing costs high.

• A close above 23.6%fib fib resistance, will likely trigger a new bullish phase with potential for 1.7900.  

• Technical signals are bullish as RSI is at 61, daily momentum studies  5,9 and 10 DMAs are trending up. 

•  Immediate resistance is located at 1.7815(23.6%fib), any close above will push the pair towards 1.7852(Higher BB).

• Strong  support is seen at 1.7725 (38.2%fib ) and break below could take the pair towards 1.7657 (50%fib).

Recommendation: Good to buy  around 1.7770, with stop loss of 1.7650 and target price of 1.7860.