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• EUR/NZD rose on Thursday after a modest rise in U.S. consumer prices boosted Fed rate pause bets.
•EUR/NZD has seen a 1.8083 -1.8261 range on Thursday.Today's bounce away from support 1.7983(5DMA) may be beginning of bull sign
• Technical signals show the pair could gain more ground in the short-term as RSI is at 66 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.8266(38.2%fib), any close above will push the pair towards 1.8300 (Psychological level).
• Strong support is seen at 1.8134(38.2% fib) and break below could take the pair towards 1.8071 (9DMA )
Recommendation: Good to buy around 1.8260 with stop loss of 1.8130 and target price of 1.8400
