• EUR/NZD dipped on Monday as the kiwi dollar strengthened against the euro, driven by improved risk sentiment.
• The primary focus this week is the global central bank gathering in Jackson Hole, Wyoming, where Fed Chair Powell is scheduled to speak on Friday.
• Investors are also bracing for a week packed with important economic data, including eurozone inflation and PMI figures, along with U.S. PMI numbers and weekly jobless claims.
• Immediate resistance is located at 1.8247( 38.2% fib), any close above will push the pair towards 1.8347( Aug 16th high)
• Support is seen at 1.8090(50%fib) and break below could take the pair towards 1.7990(Lower BB).
Recommendation: Good to sell around 1.8140, with stop loss of 1.8200 and target price of 1.8070
