FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

• EUR/NZD recovered some ground after the U.S. Federal Reserve raised interest rates by 75 basis points but gains were limited on Eurozone energy woes .

• EUR /NZD  recovers towards  above 1.6282 and holds near the day's high. 

• EUR /NZD sentiment is bearish  as Eurozone  energy supply fears  and Eurozone  growth   concerns is likely to pull   the euro lower.

• Technical signals are bearish   as RSI is lower at 37 , moving averages are trending down. 

• Immediate resistance is located at 1.6296( 5DMA), any close above will push the pair towards 1.6377 ( 38.2% fib).

• Immediate support is seen at 1.6221 (38.2%fib) and break below could take the pair towards 1.6132(Lower BB).

 Recommendation: Good to sell around 1.6300, with stop loss of 1.6380 and target price of 1.6170.