• EUR/NZD eased on Tuesday as investors geared up for a slew of economic data from the euro zone and a key U.S. inflation print later in the week.
• Investors awaited U.S. inflation data on Wednesday, alongside industrial production, employment change and GDP data from the Eurozone.
• Technical signals are bearish as RSI is at 46, daily momentum studies 5,9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.7990( 38.2%fib), any close above will push the pair towards 1.8054 (April 25th high)
• Strong support is seen at 1.7882(50%fib ) and break below could take the pair towards 1.7834 (Lower BB).
Recommendation: Good to sell around 1.7920, with stop loss of 1.8000 and target price of 1.7860
