None
ES
FxWirePro: EUR/ NZD falls below 1.9800, bears keep the advantage
[]
EconoTimes RSS
• EUR/ NZD slipped lower after the U.S. Federal Reserve left interest rates unchanged as anticipated,.
• The Fed kept rates unchanged, pointing to elevated inflation and solid growth, while offering little clarity on when borrowing costs may be lowered again.
• Immediate resistance is located at 1.9892(38.2% fib), any close above will push the pair towards 2.0100 (50% fib).
• Immediate support is seen at 1.9633(23.6% fib) and break below could take the pair towards 1.9517(Lower BB).
Recommendation: Good to sell around 1.9800 with stop loss of 1.9900 and target price of 1.9720