• EUR/NZD declined on Wednesday as euro was weighed down against the New Zealand as market expects ECB to remain dovish on Thursday.
• The European Central Bank is all but certain to keep policy unchanged on Thursday and push back against growing expectations for an interest rate hike next year.
• EUR/ NZD fell to close to the 23.6% fib. A break under 23.6% fib would unmask 1.6100 level in the short term.
•Technical signals are bearish as RSI is at 32, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Strong resistance is located at 1.6226( 9DMA), any close above will push the pair towards 1.6270 (38.2%fib)
• Immediate support is at 1.6156 (23.6% fib) and break below could take the pair towards 1.6100 (Psychological level).
Recommendation: Good to sell around 1.6200 with stop loss of 1.6300 and target price of 1.6100


FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major European Indices
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Crypto levels and bias summary 



