FxWirePro: EUR/NZD falls below 1.8900, bears keep the advantage

• EUR/NZD fell on Tuesday as concerns over tariff uncertainty and geopolitical tensions weighed on investor sentiment ahead of Wednesday's Federal Reserve policy meeting.

• Investors focused broadly on trade tensions between the U.S. and the rest of the world, particularly with China, the world's second biggest economy.

• Last week, Beijing considered Washington's offer for talks, but U.S. Treasury Secretary Scott Bessent confirmed that while the U.S. is negotiating with 17 partners, it hasn't yet engaged with China.

• Meanwhile, A survey showed that the euro zone economy grew in April, but at a slower pace due to weakened demand and near stagnation in the services sector, indicating a fragile recovery.

• Immediate resistance is located at 1.8941 (Daily high), any close above will push the pair towards 1.9078 (50%fib).

• Strong support is seen at 1.8822(38.2%fib) and break below could take the pair towards 1.8704(Lower BB )

Recommendation: Good to sell around 1.8870, with stop loss of 1.8950 and target price of 1.8800