FxWirePro: EUR/NZD lacks momentum but upside risks persist

• EUR/NZD eased slightly  on Tuesday as investors grew more concerned about rising fiscal pressures in economies around the world.

• Investors are concerned about rising debt levels in several European and global economies, triggering a selloff in longer-dated German and French bonds.

• France's far-right National Rally is preparing for the possibility of snap elections, having said on Monday that it would bring down the minority government in a September 8 confidence vote.

• Meanwhile, Euro zone inflation edged up 2.1% YoY in August, near the ECB’s 2% target, reinforcing expectations that interest rates will remain unchanged at next week’s policy meeting

• ECB policymaker Isabel Schnabel said  that interest rates should remain steady, citing the euro zone’s economic resilience against U.S. tariffs and the possibility that inflation could exceed expectations

• Immediate resistance is located at 2.0052 (23.6%fib), any close above will push the pair towards 2.0117 (Higher BB)

• Strong support is seen at 1.9785(SMA 20) and break below could take the pair towards 1.9724(38.2%fib).

Recommendation: Good to buy  around 1.9780 , with stop loss of 1.9700 and target price of 1.9890