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FxWirePro: EUR/NZD eases as global trade tensions weighs

• EUR/NZD eased on Tuesday as euro was weighed down by dovish comments by ECB policy makers and escalating conflict in Ukraine.

• Portuguese central bank chief Mario Centeno and European Central Bank Vice President Luis de Guindos warned about stagnating growth and potential impact of tariffs..

• The common currency was also weighed down by the escalating conflict in Ukraine with G7 ministers underlining support and the United States surging security assistance to bolster the country's defense.
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• Immediate resistance is located at 1.8072(38.2%fib), any close above will push the pair towards 1.8128(Oct 29th high).

• Immediate support is seen at 1.7955 (50%fib) and break below could take the pair towards 1.7838(61.8%fib).

Recommendation: Good to sell   around 1.7980, with stop loss of 1.8080  and target price of 1.7900

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