• EUR/NZD strengthened on Thursday as New Zealand dollar continued to decline for sixth consecutive day in the red .
• Deepening economic troubles in China and growing expectations of rate cuts by the Reserve Bank of New Zealand has weighed on kiwi dollar.
• On the data front, a survey showed German business morale unexpectedly fell in July amid increasing pessimism about the performance of Europe's largest economy.
• The is pair heading towards the 1.8500 level, as near term direction of the pair is likely to be driven by current price action.
• Immediate resistance is located at 1.8434( 23.6%fib), any close above will push the pair towards 1.8515(Higher BB)
• Strong support is seen at 1.8282 (38.2%fib ) and break below could take the pair towards 1.8173(50%fib).
Recommendation: Good to buy around 1.8410, with stop loss of 1.8300 and target price of 1.8500.


FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



