• EUR/NZD declined on Friday as dovish comments from the European Central Bank (ECB) weighed on Euro.
• ECB ‘s Lagarde said on Thursday the said hardest and worst bit regarding inflation was likely over and that interest rates would be cut if inflation falls to the 2% level ,pushing back on expectations.
• The ECB acknowledged in its Economic Bulletin that the eurozone was experiencing a technical recession, with a soft landing scenario virtually certain.
• Technical signals show the pair could lose more ground as RSI is at 46 bearish, and 9, 11,21 DMA’s are trending south.
• Immediate resistance is located at 1.7639 (38.2%fib), any close above will push the pair towards 1.7677(Higher BB).
• Immediate support is seen at 1.7481 (23.6% fib) and break below could take the pair towards 1.7380 (Lower BB).
Recommendation: Good to sell round 1.7540, with stop loss of 1.7700 and target price of 1.7460


FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: USD/JPY edges higher but bulls lack punch
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Crypto levels and bias summary
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Crypto levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 



