• EUR/NZD slipped below 1.7600 level on Friday as New Zealand dollar continued to maintained positive momentum against euro.
• The week ahead presents significant event risk for the New Zealand Dollar, primarily due to RBNZ Governor Orr's speech.
• EUR/NZD has seen a 1.7675-1.7578 range on Friday, chart points to an drop towards 1.7500.
• Technical signals show the pair could lose more ground as RSI is at 45, and 9, 11,21 DMA’s are trending south.
• Immediate resistance is located at 1.7665(38.2%fib), any close above will push the pair towards 1.7743 (50%fib).
• Immediate support is seen at 1.7556(23.6%fib) and break below could take the pair towards 1.7505(Lower BB).
Recommendation: Good to sell around 1.7590, with stop loss of 1.7680 and target price of 1.7500
