FxWirePro: EUR/NZD falls below 1.8000, bears keep the advantage

• EUR/NZD eased  on Tuesday    as the pair came under selling pressure ahead of a slew of central bank decisions around the world this week.

• Heading into the  late US session the EUR/NZD is trading around 1.7986.

• A close below   50%  fib  support  will give further momentum to bears, opening the way for a run towards 1.7850 level.

• Technical signals are bearish as RSI is lower at 43  , daily momentum studies  5, 9 and 10 DMAs are trending down.

•   Immediate resistance is located at 1.8045(38.2%  fib), any close above will push the pair towards 1.8087(9DMA).

•  Strong support is seen at 1.7944  (50%  fib) and break below could take the pair towards 1.7912 (Lower BB).

  Recommendation: Good to sell around 1.8000, with stop loss of 1.8190 and target price of 1.7900