FxWirePro: EUR/ NZD holds narrow range, focus on near-term support

• EUR/ NZD  edged higher as   investors looked for crucial insights into the impact of the ongoing geopolitical uncertainties.

• Optimism grew that the Iran war could be nearing an end, although Tehran cautioned that key issues surrounding its nuclear program remain unresolved..

• President Donald Trump said the U.S.-Israel war with Iran was “close to over,” while the White House signaled optimism over a potential deal, adding that further in-person talks could take place in Pakistan over the weekend..

 • An Iranian official said significant differences remain—particularly over Tehran’s nuclear ambitions—even though some progress has been made in the talks.

• Immediate resistance is located at  2.0041(SMA 20), any close above will push the pair towards 2.0086(50%fib).

• Immediate support is seen at 1.9952 (Daily low) and break below could take the pair towards 1.9837(50%fib).

 Recommendation: Good to sell around 2.0030 with stop loss of 2.0120 and target price of 1.9950