FxWirePro :EUR/NZD bulls show no sign of tiring yet, good to buy on dips

• EUR/NZD rose on Thursday  as impasse on US coronavirus aid package supported euro .

• EUR/NZD climbs above 1.8052 and holds near the day's high in afternoon US session. The pairs rise has topped at 1.8052.

• EUR/NZD bulls show no signs of tiring, yet, only a move below 1.7741 (38.2%fib) strong support  will shift the trend downside.

• Technical signals are bullish as RSI is at 72, daily momentum studies  5, 9 and 10 DMAs are trending north. 

• Immediate resistance is located at 1.8052 ( Higher BB), any close above will push the pair towards 1.8211 (23.6% fib).

• Support is seen at 1.7945 (5 DMA) and break below could take the pair towards 1.7741 (38.2%fib).

Recommendation: Good to buy on dips  around 1.8000, with stop loss of 1.7800 and target price of 1.8110