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• EUR/NZD slipped lower on Monday as investors booked some profits heading into the New Year.
• The pair is likely continue to experience choppy movements as sentiment fluctuated heading into the New Year.
• There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for Jan. 30.
•Technical signals are bullish as RSI is trending higher, moving averages are trending.
• Immediate resistance is located at 1.8548 (23.6% fib), any close above will push the pair towards 1.8644(Higher BB).
• Immediate support is seen at 1.8420 (38.2%fib) and break below could take the pair towards 1.8311 (50%fib).
Recommendation: Good to buy around 1.8420, with stop loss of 1.8360 and target price of 1.8550.
