EUR/NZD Price Analysis: Bulls seek out upside confluence targets

• EUR/NZD bulls are stepping in and targeting the prior support. 
• The areas on confluence are compelling targets. 

EUR/NZD is stalling on the downside which raises prospects of an upside move to test prior support. 

Daily chart

The 38.2% Fibonacci retracement, as it stands, has a perfect confluence with the prior support as an upside target. 

30-min chart

The 30-min chart is testing the 21 EMA that guards a run towards the confluence of targets as illustrated above.