• EUR/NZD eased slightly on Wednesday as investors digested the fragile Israel-Iran ceasefire that brought relief to rattled markets.
• Investors are refocusing on trade negotiations ahead of the Trump administration’s July 9 deadline to strike deals and avoid retaliatory tariffs from key trading partners.
•Data published on Wednesday showed French consumer confidence held steady at 88 in June, missing forecasts for a slight increase to 89.
• The reading suggests that French households remain cautious, reflecting persistent concerns about inflation, job stability, and the overall economic environment..
• Technical signals remain bullish, with RSI at 61 and the 5-, 9-, and 10-day moving averages all trending upward
• Immediate resistance is located at 1.9387( June 24th high), any close above will push the pair towards 1.9471(38.2% fib)
• Strong support is seen at 1.9206 (50% fib ) and break below could take the pair towards 1.9083 (20 SMA).
Recommendation: Good to buy around 1.7300, with stop loss of 1.7200 and target price of 1.7500
