• EUR/NZD after initially gaining on Monday the pair retreated as investors digested Eurozone economic figures .
• German industrial orders saw a smaller-than-anticipated increase in November. Meanwhile, a separate report indicated that investor confidence in the eurozone improved for the third consecutive month in January.
• In an up-and-down session, the pair hit high at 1.7620 in early trading then retreated towards 1.7543.
• Technical signals are bullish as RSI is trending up, daily momentum studies 5, 9 DMAs are trending north.
• Immediate resistance is located at 1.7556 (38.2%fib), any close above will push the pair towards 1.9470 (23.6%fib).
• Strong support is seen at 1.7496(50%fib) and break below could take the pair towards 1.7445(61.8%fib)
Recommendation: Good to buy around 1.7540 with stop loss of 1.7400 and target price of 1.7660


FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/AUD bears maintain upper hand
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 



