• EUR/NZD strengthened on Thursday as traders remained long as investors were optimistic about economic rebound despite coronavirus restrictions in the euro zone.
• EUR/NZD fell to daily low at 1.6908 early, before buyers returned, the pair recovered back towards 1.6958 and was at the session high in US session.
• Any downside correction is likely to be temporary as barrier at 1.6895(38.2%fib) is set to restricting lower move.
• Technical signals show the pair could gain more ground as RSI is at 65 bullish, and 5, 9,11 DMA’s are trending north.
•Strong resistance is located at 1.6983 (23.6% fib), any close above will push the pair towards 1.7075 (Jan 18th high).
• Immediate support is seen at 1.6895(38.2%fib) and break below could take the pair towards 1.6824 (50% fib).
Recommendation: Good to buy around 1.6940 with stop loss of 1.6890 and target price of 1.7040


GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro- Woodies Pivot(Major)
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro- Major Crypto levels and bias summary
ETHUSD Dip: Prime Buy Zone to $3600 Targets
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 



