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

• EUR/NZD slipped lower on Monday as signs of easing U.S.-China trade tensions boosted kiwi dollar.

• U.S. President Trump said Sunday that the U.S. is in trade talks with several countries, including China, emphasizing that his top priority is securing a fair deal with Beijing.

• In the euro zone, attention this week turns to key economic data. Retail sales and final PMI readings will offer fresh insight into consumer activity and business sentiment.  

• Germany  the bloc’s largest economy will release figures on factory orders, industrial production, and trade performance.. 

• From a technical viewpoint, RSI  is   bearish at 46, daily momentum studies, 5, 10 and 11 daily  MAs  are trending down.

• Immediate resistance is located at 1.9053(Daily high), any close above will push the pair towards 1.9196(50%fib).

• Immediate support is seen at 1.8910(61.8% fib) and break below could take the pair towards 1.8767(Lower BB).

Recommendation: Good to sell around 1.8970 with stop loss of 1.9060 and target price of 1.8900