EUR/NZD Momentum shift points to more downwards - SHORT

Momentum switch is on deck. Risk on switch - benefits mostly NZD as week is about to end. Oversold NZD basket makes first improvement, one of boosters was trade surplus which widened in April, thus rate cut looks to be already priced in. EUR still in worries about inflation target and poor economic performance of Eurozone overall. Both economies are being hit by global slowdown and trade tensions caused by US, so fundamental signals are not quite much on NZD's side, at least for longterm. However this trade is 70% based on technicals and momentum since sentiment doesn't support neither side lately. 0.382 fib area is good level for exit on 2 r/r which is most I would take short-mid term.