• EUR/NZD initially gained on Tuesday but gave up some ground as dovish comments from the ECB weighed on euro.
• ECB conservative Isabel Schnabel highlighted that the prospect of additional interest rate hikes is rather unlikely in light of a surprisingly significant drop in inflation.
• The euro erased eariler gains against the kiwi dollar , the pair was last up at 0.04% at 1.7585 .
• A close below 23.6%fib, would add to pair’s bearish structure, opening the way for 1.7500 level
• From a technical viewpoint, RSI is strongly bearish at 33, daily momentum studies, 5, 10 and 11 daily MAs are pointing lower.
• Immediate resistance is located at 1.7645 (38.2%fib), any close above will push the pair towards 1.7740(50%fib).
• Immediate support is seen at 1.7520 (23.6%fib) and break below could take the pair towards 1.7487(July 6th low).
Recommendation: Good to sell around 1.7570, with stop loss of 1.7700 and target price of 1.7500


FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro- Woodies pivot (Major)
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro- Woodies pivot (Major)
Crypto Bias Report: Trend Signals and Top Bullish Picks
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: GBP/NZD gains some upside momentum but still bearish 



