Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro :EUR/NZD positions for another climb, eyes 1. 9200level

• EUR/NZD steadied on Monday as investors looked for signs of progress in tariff negotiations at the top of an eventful week of corporate earnings and economic data.

Investors also braced for a volatile week, with key euro zone and U.S. inflation data ahead, culminating in the U.S. jobs report on Friday.

ECB policymaker Olli Rehn said rates could be cut below neutral, warning that U.S. tariffs are adding downside risks to inflation.

 •Technical highlight upside risks for EUR/NZD , with momentum studies, 5, 10 and 21 SMAs tracking north.

•   Immediate resistance is located at 1. 9229 (38 . 2% fib), any close above will push the pair towards 1.  1. 8129  ((50% fib).

• Support is seen at 1.8919 (50% fib) and break below could take the pair towards 1.8739 (61.8% fib )

Recommendation: Good to buy around 1. 9100, with stop loss of 1. 9050 and target price of 1. 9200

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.