• EUR/NZD slipped lower on Monday as signs of easing U.S.-China trade tensions boosted kiwi dollar.
• U.S. President Trump said Sunday that the U.S. is in trade talks with several countries, including China, emphasizing that his top priority is securing a fair deal with Beijing.
• In the euro zone, attention this week turns to key economic data. Retail sales and final PMI readings will offer fresh insight into consumer activity and business sentiment.
• Germany the bloc’s largest economy will release figures on factory orders, industrial production, and trade performance..
• From a technical viewpoint, RSI is bearish at 46, daily momentum studies, 5, 10 and 11 daily MAs are trending down.
• Immediate resistance is located at 1.9053(Daily high), any close above will push the pair towards 1.9196(50%fib).
• Immediate support is seen at 1.8910(61.8% fib) and break below could take the pair towards 1.8767(Lower BB).
Recommendation: Good to sell around 1.8970 with stop loss of 1.9060 and target price of 1.8900
