EURNZD Chart Technical Outlook

EURNZD Chart Technical Outlook rallies against a weaker Kiwi, 1.8330 on focus, Euro recovery from 1.8100 has accelerated on Tuesday, with the pair approaching 1.8300 as the weak Chinese services data has reactivated concerns about the global economy, hammering the China-proxy NZD.

Later today the focus will be on the Eurozone Services PMI and ECB Lagarde’s speech which might have a relevant impact on Euro crosses.

The immediate bias is bullish, with the next resistance level at 1,.8330 ahead of 1.8380, which defends August’s peak at 1.8465. Support levels are 1.8215 and 1.8155.

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