• EUR/NZD declined on Wednesday as investors digested euro zone economic data and Fed rate decision. .
• U.S. Federal Reserve held interest rates steady but opened the door to interest rate cuts as soon as September.
• Germany unemployment rose more than expected in July. The office said the number of unemployed grew by 18,000 in seasonally adjusted terms to 2.8 million.
•Euro zone inflation unexpectedly edged up in July, although a widely watched gauge of price growth in the services sector eased.
• Immediate resistance is located at 1.8349(23.6%fib), any close above will push the pair towards 1.8427(July 30th high).
• Strong support is seen at 1.8166(38.2% fib) and break below could take the pair towards 1.8026(50% fib )
Recommendation: Good to sell around 1.8200 with stop loss of 1.8270 and target price of 1.8130
