• EUR/NZD declined on Friday as investors digested a mixed US jobs data report.
• Nonfarm payrolls rose by 143,000 jobs in January, following a revised increase of 307,000 in December, according to the Labor Department's Bureau of Labor Statistics.
• Investor concerns about global trade wars resurfaced on Friday after President Trump announced plans to impose additional tariffs, a move he claimed could also help address U.S. budget issues.
•Technical are favoring bearish sentiment as RSI is falling and the pair is trading below 5,9 & 21-DMAs.
• Immediate resistance is located at 1.8332 (38.2%fib), any close above will push the pair towards 1.8445 (Feb 5th high).
• Immediate support is seen at 1.8178(Jan 8th low) and break below could take the pair towards 1.8187(Jan 14th low).
Recommendation: Good to sell round 1.8250, with stop loss of 1.7000 and target price of 1.8150
