FxWirePro
Long

EUR/NZD forms double bottom around 1.6340, good to buy at dips

FX:EURNZD   Euro / New Zealand Dollar
115 0 5
EUR/NZD has formed double bottom around 1.6340 and has recovered from that level. Overall trend is still bullish as long as support 1.6340 holds.

EURO             is trading high in the Asian session as Greece submitted a 13 page new bailout proposal to European institutions late yesterday to for a three year bailout loan. Market hopes that deal could be reached between Greece and European creditors on crisis summit on Sunday.

On the upside minor resistance is around 1.6460 and break above would extend gains till 1.6485/1.6520 in short term.

It is good to buy at dips around 1.6380 with SL around 1.6340 for the TP of 1.6460/1.6500.
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