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

• EUR/NZD eased on Thursday as kiwi dollar gained against euro prospects that a global trade war could be averted. •U.S. President Donald Trump delayed planned tariffs on Mexico and Canada this week but introduced an add…

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FxWirePro:EUR/NZD neutral in the near-term, scope for downward resumption
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• EUR/NZD eased on Thursday as kiwi dollar gained against euro prospects that a global trade war could be averted.

•U.S. President Donald Trump delayed planned tariffs on Mexico and Canada this week but introduced an additional 10% levy on Chinese imports.

• With no new tariff news, markets focused on Friday's release of key U.S. payroll data, a crucial indicator for the future of U.S. monetary policy.

• Immediate resistance is located at 1.8404 (38.2%fib), any close above will push the pair towards 1.8453(Feb 4th high).

• Immediate support is seen at 1.8277 (50% fib) and break below could take the pair towards 1.8250(Lower BB).

Recommendation: Good to sell round 1.8320 with stop loss of 1.8380 and target price of 1.8250

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