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FxWirePro:EUR/NZD reclaims 1.6600 handle after rallying off from 2-day low

• EUR/NZD recovered from earlier decline on Thursday as a jump in U.S. bond yields knocked risk appetite.

• EUR/NZD initially dipped but found buyers at 1.6560, rally lifts the pair towards 1.6657 

• Technical signals show the pair could gain more ground in the short-term as RSI is turning up bullish, daily momentum studies  5, 9 are trending  up. 

• Immediate resistance is located at 1.6694 (38.2%fib), any close above will push the pair towards 1.6718 (30DMA).

• Immediate support is seen at 1.6544 (23.6% fib) and break below could take the pair towards 1.6500 (Psychological level).

Recommendation: Good buy  around 1.6600, with stop loss of 1.6500 and target price of 1.6680

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