FxWirePro: EUR/NZD falls as risk-on mood accelerates after U.S.-China agreement

• The EUR/NZD slipped lower on Tuesday as market optimism improved following the temporary easing of trade tensions between the U.S. and China.

• The U.S. and China agreed on a 90-day trade truce, cutting tariffs and suspending other measures as they work toward a longer-term deal.

 • The announcement of a 90-day suspension of additional tariffs between the two nations lifted investor appetite for riskier assets, benefiting currencies like the kiwi dollar  .

•Technical signals are   bearish as RSI is   at 41, daily momentum studies 11, 14 and 21 DMAs are trending down.

• Immediate resistance is located at 1.9015 (50%fib), any close above will push the pair towards 1.9218(61.8%fib).

• Strong support is seen 1.8809(38.2%fib) and break below could take the pair towards 1.8729 (Lower BB)

Recommendation: Good to sell around  1.8850, with stop loss of 1.8940 and target price of 1.8760