The Euro (EUR) closed the week around the 0.5910 (1.6930) region against the New Zealand Dollar (NZD) after being at 0.5850 (1.7100) levels midweek. Bias in the pair looks to be to the downside with Eurozone growth forecasts and the recently the hawkish ECB, this could limit upside shifts in the kiwi. The economic calendar is thin this week for the pair with just Eurozone Industrial Production and Lagarde speaking Thursday.
Current Level: 0.5900 (1.6949)
Resistance: 0.5990 (1.7130)
Support: 0.5840 (1.6700)
Last Weeks Range: 0.5845-0.5948 (1.6810-1.7107)