• EUR/NZD edged higher on Tuesday but gains were limited as investors awaited key economic data from Eurozone.
•German inflation data is due on Wednesday and the wider euro zone's reading on Friday will be watched for clues on how soon easing from the central bank could come.
• A close below support at 38.2%fib will give further momentum to bears, opening the way for a run towards 1.7650 level.
•Technicals are favouring bearish sentiment as RSI is at 36 and the pair is trading below 5,9 & 21-DMAs.
• Immediate resistance is located at 1.7710 (38.2%fib), any close above will push the pair towards 1.7782(50%fib).
• Immediate support is seen at 1.7624(23.6%fib) and break below could take the pair towards 1.7570 (Lower BB).
Recommendation: Good to sell round 1.7690, with stop loss of 1.7780 and target price of 1.7600
