FxWirePro: EUR/NZD downside pressure builds, key support level in focus

 • EUR/NZD slipped lower on Thursday as   investors assessed U.S. President Donald Trump's comments at the World Economic Forum .

 • Trump stated that the U.S. would ensure a steady supply of liquefied natural gas to Europe, despite concerns that the growing export industry could drive up gas prices for American consumers.

• Despite repeatedly referencing tariffs, Trump again refrained from providing specifics on any duties he plans to implement.

•Investors are awaiting key policy decisions from global central banks next week, with the Bank of Japan expected to raise interest rates at the end of its two-day meeting on Friday.

• Immediate resistance is located at 1.8428 (23.6%fib), any close above will push the pair towards 1.8547(Higher BB).

•  Support is seen at 1.8288 (38.2%fib) and break below could take the pair towards 1.8259(Lower BB)

Recommendation: Good to sell round 1.8380, with stop loss of 1.8450and target price of 1.8300