FxWirePro:EUR/NZD stuck in range, bias is bullish

• EUR/NZD traded in tight range on Tuesday  as investors reacted  to the latest political drama unfolding in the US. 

• President Donald Trump announced on Monday that he had removed Federal Reserve Governor Lisa Cook from her post, following through on a previous threat to oust her if she refused to resign.

• The action disrupts the traditional Fed–government dynamic, opening the door to a potential legal battle at the nation’s highest court.

• U.S. President Donald Trump and Russian President Vladimir Putin are scheduled to meet in Alaska on Friday to discuss potential steps toward ending the ongoing conflict in Ukraine.

•  Immediate resistance is located at 2.0034(23.6%fib), any close above will push the pair towards 2.0120(Higher BB)

• Strong support is seen at 1.9836(SMA 20) and break below could take the pair towards 1.9711(38.2%fib).

Recommendation: Good to buy  around 1.9800, with stop loss of 1.9650 and target price of 2.0050