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FxWirePro :EUR/NZD edges lower as early gains fizzles out

• EUR/AUD initially  gained but gave up ground   as investors await further details on U.S. trade talks with China..

Investors were optimistic ahead of planned talks between U.S. and Chinese officials in Switzerland over the weekend.

Investors were optimistic ahead of planned talks between U.S. and Chinese officials in Switzerland over the weekend.

 •Technical highlight  downside for EUR/AUD with momentum studies, 11,14 and 21 SMAs tracking south.

•   Immediate resistance is located at 1.7688(38.2% fib), any close above will push the pair towards 1.7975(23.6% fib).

• Support is seen at 1.7432(50% fib) and break below could take the pair towards 1.7361 (Lower BB )

Recommendation: Good to sell around 1.7570, with stop loss of 1.7650 and target price of 1.7480

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