• EUR/NZD held near recent lows on Friday as political uncertainty in Europe weighed on Euro.
• Traders anxiety rose after France's left-wing coalition proposed undoing Macron's economic reforms, setting up a potential conflict with the EU over fiscal policy.
• At GMT 17:54, the pair was trading up 0.12 percent at 1.7430 after reaching daily low at 1.7395.
• Technical lean bearish, RSI is lower at 32, momentum studies, 9, 11 DMAs falling southwards.
• Immediate resistance is located at 1.7471( Daily high), any close above will push the pair towards 1.7512( 38.2% fib)
• Support is seen at 1.7390(23.6%fib) and break below could take the pair towards 1.7300 (Psychological level).
Recommendation: Good to sell around 1.7430, with stop loss of 1.7560 and target price of 1.7300
