FxWirePro: EUR/NZD downtrend loses steam but outlook still bearish

• EUR/NZD initially dipped  but recovered some ground  as risk sentiment waned amid rekindled trade concerns.

• Investors are   awaiting clarity on a potential meeting next week between President Trump and Chinese President Xi Jinping, which could have significant implications for U.S.-China trade relations and global market sentiment..

• Market participants are focused on Friday’s U.S. September CPI data, which is expected to offer important signals regarding inflationary pressures and potential interest rate moves by the Fed.

• Friday's U.S. Consumer Price Index (CPI) report is expected to show that core inflation held at 3.1% in September. 

• Immediate resistance is located at 2.0263(Daily high), any close above will push the pair towards 2.0465 (23.6%fib).

• Immediate support is seen at 2.0145 (38.2%fib) and break below could take the pair towards 1.9984 (Lower BB).

Recommendation: Good to sell around 2.0250 with stop loss of 2.0400 and target price of 2.0150