FxWirePro: EUR/NZD downside pressure builds, key support level in focus

• EUR/NZD  dropped  on Friday as investors continue to assess the latest Eurozone GDP figures .

• Germany and Italy each recorded 0.3% growth, while France trailed with a 0.2% expansion.

• On an annual basis, Eurozone GDP grew by 1.3%, slightly easing from 1.4% in Q3.

• The euro area economy grew by 0.3% in Q4 2025, in line with earlier estimates and matching the expansion seen in the previous quarter..

•  The data highlight the resilience of the European Union economy, supported by easing inflation and lower interest rates, despite ongoing pressure from trade tariffs imposed by the United States.

• Immediate resistance is located at 1.9776 (SMA20), any close above will push the pair towards 1.9789(38.2%fib).

• Strong support is seen at 1.9577 (23.6%fib) and break below could take the pair towards 1.9461(Lower BB).

Recommendation: Good to sell   around 1.9700, with stop loss of 1.9780 and target price of 1.9650