FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support

•  EUR/ NZD traded in tight range on Thursday as renewed U.S. strikes on Iran heightened geopolitical tensions

• Iran and the U.S. exchanged intensified attacks, further eroding last month's truce, while Tehran denied Trump's claim that a U.S. citizen had been released..

• Iran launched missiles and drones at U.S. bases in neighboring countries, including a Jordan air base it said was used in a U.S. strike on an Iranian children's hospital.

• A week of escalating U.S.-Iran attacks has strained last month's truce, though Trump said Iran released a U.S. citizen, signaling a possible path to ease tensions.

• The European Central Bank is seen as more hawkish than the Fed, with markets betting on two additional rate hikes into 2027 and some economists not ruling out a first move next week.

• EUR/NZD has seen range 1.9556-1.9643 the pair is likely to be falltowards 1.9500 level.

• Immediate resistance is located at 1.9655 (38.2% fib), any close above will push the pair towards 1.9811(50% fib).

• Immediate support is seen at 1.9538(Lower BB) and break below could take the pair towards 1.9435(23.6% fib).

Recommendation: Good to sell  round 1.9610, with stop loss of 1.9700 and target price of 1.9500