• EUR/NZD declined below 1.8100 on Tuesday as positive risk sentiment continued to supported the New Zealand dollar.
• The main focus this week is the global central bank gathering in Jackson Hole, Wyoming, with Fed Chair Powell set to speak on Friday.
• Investors are preparing for a week filled with key economic data, including eurozone inflation and PMI figures, as well as U.S. PMI numbers and weekly jobless claims.
• Immediate resistance is located at 1.8144( Daily high), any close above will push the pair towards 1.8185(50%fib)
• Support is seen at 1.8032(38.2%fib) and break below could take the pair towards 1.7977(23.6%fib)
Recommendation: Good to sell around 1.8100, with stop loss of 1.8200 and target price of 1.8020
