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FxWirePro:EUR/NZD buoyancy keeps consolidation intact, set for further gains

• EUR/NZD strengthened on Tuesday  as the kiwi dollar lost ground against the euro amidst heightened risk aversion sparked by geopolitical tensions.

• Tensions in the Middle East escalated once again as Israel pledged to retaliate against Iran's weekend attack, disregarding international appeals for restraint.

• A close above 1.8067( 38.2%fib), will likely trigger a new bullish phase with potential for 1.8150.  . 

• Technical signals are bullish as RSI is at 58 , daily momentum studies  5,9 and 10 DMAs are trending up.

•  Immediate resistance is located at 1.8067( 38.2%fib), any close above will push the pair towards 1.8103(Daily high)

• Strong  support is seen at 1.7973 (50%fib ) and break below could take the pair towards 1.7961  (SMA 5).

Recommendation: Good to buy  around 1.8040 , with stop loss of 1.7900 and target price of 1.8150

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