• EUR/NZD steadied around 1.9365 on Monday as investors assessed the risk of an Iranian response to U.S. attacks on its nuclear sites.
• Iran fired missiles at a U.S. air base in Qatar on Monday, causing no injuries. President Trump called it a "weak response" and urged peace as the conflict reached its 12th day.
• A survey released Monday showed the euro zone economy stalled for a second consecutive month in June, as services saw only slight improvement while manufacturing remained weak.
• Business activity in Germany returned to growth in June, driven by a rebound in manufacturing, which recorded its strongest rise in new orders in over three years.
• In contrast, business activity in France contracted further in June, as continued weakness in both manufacturing and services weighed on the euro zone's second-largest economy, according to S&P Global.
• Immediate resistance is located at 1.9486(Daily high), any close above will push the pair towards 1.9569(38.2% fib).
• Immediate support is seen at 1.9314 (50% fib) and break below could take the pair towards 1.9183(Daily low).
Recommendation: Good to buy on dips around 1.9350 with stop loss of 1.9250 and target price of 1.9450
