• EUR/NZD downtrend lost steam on Monday as oil prices retreated from highs as the United States and Europe considered banning Russian crude.
• Oil prices hit 14-year highs after the United States and European allies considered banning Russian crude imports.
•EUR/NZD remains vulnerable as geopolitical uncertainties and stagflation risks should limit EUR/NZD rallies.
• Technical signals show the pair could fall further ground in the short-term as RSI is at 16 bearish, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.5910 (38.2%fib), any close above will push the pair towards 1.6042(50%fib).
• Strong support is seen at 1.5731(23.6%fib) and break below could take the pair towards 1.5645 (Lower BB).
Recommendation: Good to sell around 1.5880 with stop loss of 1.6000 and target price of 1.5720


FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: GBP/NZD gains some ground but bias is still bearish
Major Pair Action Bias: Bullish Pairs to Watch Out For
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 



