• 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.
.
• 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
