• EUR/NZD traded in tight range on Wednesday as market remained in holding pattern ahead of French snap election and US PCE data at the end of the week.
• President Emmanuel Macron's surprise snap election has impacted euro as strong polling for far-right and left-wing parties heightens concerns about fiscal sustainability.
• Friday's PCE inflation figures are likely to outweigh other data that come before it, though initial jobless claims will draw close scrutiny as traders watch for signs of more softening in the labor market.
• Technicals are favouring bearish sentiment as RSI is at 47 and the pair is trading below 11 & 21-DMAs.
• Immediate resistance is located at 1.7591 (38.2%fib), any close above will push the pair towards 1.7691 (50%fib).
• Strong support is seen at 1.7480 (23.6%fib) and break below could take the pair towards 1.7431(June 21st low ).
Recommendation: Good to sell around 1.7570, with stop loss of 1.7680 and target price of 1.7500


FxWirePro: GBP/AUD takes back some lost ground
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Major Crypto levels and bias summary
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: USD/JPY steadies around 158.75, bias bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary 



