FxWirePro: EUR/NZD maintains bullish bias with focus on 1.7100 level

• EUR/NZD strengthened on Friday as risk sensitive kiwi dollar was weighed down by volatility in global financial markets . 

• Pair traded in 1.6907 /1.7063 range and was last trading at 1.7039 . 

• Technical signals are bullish as RSI is at 74, daily momentum studies  5,9 and 10 DMAs are trending up. 

•  Immediate resistance is located at 1.7057 ( 38.2%fib), any close above will push the pair towards 1.7131 (23.6%fib).

• Strong  support is seen at 1.7010 (50%fib ) and break below could take the pair towards 1.6959 (61.8%fib).

Recommendation: Good to buy  around 1.7000, with stop loss of 1.6900 and target price of 1.7100.