• EUR/NZD dipped on Wednesday as euro weakened on concern over economic risks of reciprocal tariffs by US President Trump.
• The European Commission said late Wednesday it will assess President Trump's plan to impose up to 25% tariffs on automotive imports, along with other U.S. trade measures expected in the coming days.
• Investors worried that Trump's tariffs would stoke inflation and hinder economic growth .
• Investors are closely watching the U.S. personal consumption expenditures (PCE) data, set for release on Friday, as it could provide key insights into the Federal Reserve’s potential rate cut trajectory.
• Immediate resistance is located at 1.8938( 38.2% fib), any close above will push the pair towards 1.9057( March 7th high)
• Support is seen at 1.8726(50%fib) and break below could take the pair towards 1.8587(Lower BB)
Recommendation: Good to sell around 1.8800, with stop loss of 1.8900 and target price of 1.8720
