• EUR/NZD firmed initially on Friday but reversed course after mixed US jobs report.
• EUR/NZD traded in range between 1.8235 and 1.8093 , the pair was last trading down 0.30 percent at 1.8119
• Technical signals are bearish as RSI is at 48, daily momentum studies 5, 9 and 10 DMAs are trending down
• Immediate resistance is located at 1.8202(38.2%fib ), any close above will push the pair towards 1.8231 (5DMA).
• Strong support is seen at 1.8088(50%fib) and break below could take the pair towards 1.8053 (Lower BB).
Recommendation: Good to sell around 1.8150, with stop loss of 1.8270 and target price of 1.8050
