FxWirePro:EUR/NZD recovers slightly but bears are not done yet

• EUR/NZD edged higher on Wednesday as traders paused to absorb fresh economic data and reassess developments between the U.S. and Venezuela.

• European Central Bank vice president Luis de Guindos said the bank will continue cutting rates if inflation eases as expected but it needs to be prudent in the face of risks from trade tensions to debt worries.

• Germany’s unemployment rate rose less than expected in December, while retail sales unexpectedly declined in November.

•A separate reading showed the  France's consumer confidence recovered somewhat at the end of the year. 

•Markets have priced in stable policy rates through 2026 since last summer, while anticipating ECB tightening in 2027 as inflation pressures build from German fiscal stimulus.

• Immediate resistance is located at 2.0262 (SMA 20), any close above will push the pair towards 2.0355(38.2% fib).

• Immediate support is seen at 2.0125(Lower BB) and break below could take the pair towards 2.0094(50% fib).

Recommendation: Good to sell round 2.0270, with stop loss of 2.0300 and target price of 2.0100