• EUR/NZD strengthened on Tuesday as the pair recovered from early dip as geopolitical concerns eased.
• The euro erased Monday's losses against the kiwi dollar , the pair was last up at 0.66% at 1.6909 .
• The euro is expected to stay sensitive to concerns over U.S. tariffs and political uncertainty in Germany, with the country set to hold elections on February 23.
• From a technical viewpoint, RSI is bearish at 46, daily momentum studies, 5, 10 and 11 daily MAs are pointing south .
• Immediate resistance is located at 1.7961 (50%fib), any close above will push the pair towards 1.8000(Psychological level).
• Immediate support is seen at 1.7842 (38.2%fib) and break below could take the pair towards 1.7788 (Lower BB).
Recommendation: Good to sell around 1.7960, with stop loss of 1.8050 and target price of 1.7900
