EUR/NZD chart on Trading View used for analysis
- EUR/NZD extends weakness post dovish ECB, recovery capped below 5-DMA at 1.6778, bias bearish.
- Euro bears largely in control post ECB. Focus now on German Ifo data for further impetus.
- The European Central Bank kept key rates and forward guidance unchanged.
- However, it downgraded assessment by stating that the balance of risks has moved to the downside.
- If upcoming data continues to disappoint in the coming months, a change in policy guidance will become more likely.
- The pair is on track to test 61.8% Fib at 1.6662 ahead of 1.6557 (Nov 15 low).
- 5-DMA is immediate resistance at 1.6779. Break above can see upside till 20-DMA.
- Bearish invalidation only above 200-DMA.
Support levels - 1.6662 (61.8% Fib), 1.66, 1.6557 (Nov 15 low)
Resistance levels - 1.6779 (5-DMA), 1.6890 (20-DMA), 1.70 (23.6% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 



