• EUR/NZD eased on Tuesday but down side was limited as market's focused on upcoming first round of French parliamentary elections.
• The prospect of a politically extreme party with little or no government experience taking power after France's parliamentary elections is worrying investors.
• Technical are bearish, daily RSI is negative at 42, daily momentum studies 21 and 30 DMAs are trending down.
• Immediate resistance is located at 1.7569 (38.2% fib), any close above will push the pair towards 1.7668(50% fib).
• Strong support is seen at 1.7458 (23.6% fib)and break below could take the pair towards 1.7380 (Lower BB).
Recommendation: Good to sell on around 1.7530, with stop loss of 1.7650, and target price of 1.7450
