FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains

• EUR/NZD held steady around 2.0180 on Thursday as the kiwi weakened as hopes of a near-term Iran ceasefire fading after U.S. President Donald Trump signalled intensified military action in the coming weeks.

·  Trump said in a televised speech that the U.S. would intensify strikes on Iran over the next two to three weeks, offering no clear timeline for reopening the Strait of Hormuz or ending the war, which has unsettled markets..

· Trump earlier said on Wednesday the United States did not need the key oil gateway.

· Iran’s military warned the U.S. and Israel of “more crushing, broader and more destructive” attacks in response..

· Oil remains a key real-time geopolitical barometer, hovering near the $120 swing high. A clear break above this level would mark a shift in market psychology from a supply shock to a demand shock narrative.

• Immediate resistance is located at 2.0267(23.6%fib), any close above will push the pair towards 2.0335(Higher BB).

• Immediate support is seen at 2.0114(38.2%fib) and break below could take the pair towards 1.9991(50%fib).

 Recommendation: Good to buy around 2.0150 with stop loss of 2.0070 and target price of 2.0250