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• EUR/NZD slipped lower on Wednesday as investors remained cautious over the ongoing U.S.-Iran standoff and broader Middle East tensions
• Attention stayed on headlines surrounding efforts by the U.S. and Iran to reach an agreement to end the war. .
• Donald Trump said U.S.-Iran talks were in their final phase and cautioned that further strikes remain possible without an agreement.l..
• Oil prices edged lower on the day, though markets remained cautious about the economic impact of elevated crude prices.
• Immediate resistance is located at 1. 9830 (SMA 20 ), any close above will push the pair towards 2.0061 (50%fib)
• Immediate support is seen at 1.9814 (38.2%fib) and break below could take the pair towards 1.9588(LowerBB).
Recommendation: Good to sell around 1.9850 with stop loss of 1.9950 and target price of 1.9750
