• EUR/NZD traded in tight range on Wednesday as political uncertainty surrounding Europe kept investors cautious.
•. Market focus will now shift to interest rate decisions from central banks in England, Norway and Switzerland later this week.
• EUR/NZD remains vulnerable, only a break and daily close above 50% fib will shift bias to the upside.
• Immediate resistance is located at 1.7571 (38.2%fib), any close above will push the pair towards 1.7685571 (50%fib).
• Strong support is seen at 1.7421 (23.6% fib) and break below could take the pair towards 1.7290 (Lower BB).
Recommendation: Good to sell on around 1.7570, with stop loss of 1.7660 and target price of 1.7500
