FxWirePro: EUR/NZD gains some upside momentum but still bearish

• EUR/NZD recovered some ground   on Wednesday    as   investors digested  U.S. Federal Reserve's interest-rate decision.

• The Fed kept rates unchanged, pointing to still-elevated inflation, with three policymakers dissenting against any perceived easing bias

• The Fed remained cautious on inflation, highlighting persistent uncertainty around Middle East developments as a key risk factor.

• Market attention is now shifting to Thursday’s Bank of England and ECB meetings, with no policy changes expected, though rate hikes are being priced for June.

•  Immediate resistance is located at 2.0104  (50%fib), any close above will push the pair towards 2.0233(Higher BB)

• Strong  support is seen at 2.0010 (38.2%fib ) and break below could take the pair towards 1.9732(Lower BB ).

Recommendation: Good  to sell around 2.0040, with stop loss of 2.0140and target price of 1.9960