• EUR/NZD dipped on Friday as concerns about the COVID-19 variant and confidence that the ECB will keep policy support in place weighed on the pair.
• EUR//NZD drifted back into negative territory , 1.6863 is low so far and it is hovering just above 50%fib into the US afternoon.
• Technical signals favours bearish sentiment, RSI is at 45 and pair trades below 5,9 & 11-DMAs.
• Immediate resistance is located at 1.6934 (38.2%fib), any close above will push the pair towards 1.6957 (11DMA).
• Immediate support is seen at 1.6858 (50%fib) and break below could take the pair towards 1.6832 (Lower BB).
Recommendation: Good to sell around 1.6880, with stop loss of 1.6960 and target price of 1.6820
