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FxWirePro:EUR/NZD neutral in the near-term, scope for downward resumption

• 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
 

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