FxWirePro:EUR/NZD under pressure, knocking on door of key support

• EUR/NZD declined on Friday   as investors focus shifted to  ECB policy meetings next week.

• At GMT 17:42, the pair was trading down 0.21 percent   at 1.7554.Lowest since 24th May low.

•Technicals are favouring bearish sentiment as RSI is falling and the pair is trading below   5,9 & 21-DMAs.

• Immediate resistance is located at 1.7608(50%fib), any close above will push the pair towards 1.7631(5DMA).

• Immediate support is seen at 1.7512 (38.2%fib) and break below could take the pair towards 1.7421 (May 15th low).

Recommendation: Good to sell round 1.7560, with stop loss of 1.7650 and target price of 1.7480