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FxWirePro: EUR/NZD changes short term trend from neutral to bearish

• EUR/NZD eased on Tuesday as investors awaited fresh news on Trump policies and rate moves. • EU trade chief Maros Sefcovic said the currency union wants to engage swiftly with the United States over Trump's planned tar…

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FxWirePro: EUR/NZD changes short term trend from neutral to bearish
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• EUR/NZD eased on Tuesday as investors awaited  fresh news on Trump policies and rate moves.

• EU trade chief Maros Sefcovic said the currency union wants to engage swiftly with the United States over Trump's planned tariffs

• The euro   erased some of Tuesday’s gains against the kiwi dollar , the pair was last up  at 0.04% at  1.8371 .

• A close below 38.2%fib, would add to pair’s bearish structure, opening the way for  1.8300 level

• Immediate resistance is located at 1.8447(23.6%fib), any close above will push the pair towards 1.8470(Higher BB).

• Immediate support is seen at 1.8299(Lower BB) and break below could take the pair towards 1.8266(38.2%fib).

Recommendation: Good to sell  around 1.8400, with stop loss of 1.8480 and target price of 1.8320
 

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