• EUR/NZD dipped d on Friday as investors fretted over a worsening outlook for the Eurozone economy.
• At GMT 17:54, the pair was trading 0.15% lower at 1.8173, Lowest since 5th September.
• A close below 38.2% fib (1.8140) support puts Lower Bollinger band in focus.
• Technicals highlight dowside risks. The 5, 9 and 11 day moving averages are trending south, daily RSI is pointing downwards.
• Immediate resistance is located at 1.8210(5DMA), any close above will push the pair towards 1.8292(23.6%fib).
• Strong support is seen at 1.8140(38.2% fib) and break below could take the pair towards 1.8079(Lower BB )
Recommendation: Good to sell around 1.8200, with stop loss of 1.8280 and target price of 1.8100
