FxWirePro: EUR/NZD steadies above 1.9300, retains bid tone

• EUR/NZD steadied on Friday as the euro found support from stronger-than-expected French inflation figures.

• France’s harmonized inflation rate  rose to 0.8% year-on-year in June, up from May’s 0.6%, its lowest reading since December 2020.

• Despite the increase, France continues to record among the lowest inflation rates in the euro zone this year.

• The European Central Bank cut interest rates earlier this month, with President Christine Lagarde saying it was in a good position as inflation fell below the ECB's 2% target.

• From a technical perspective, bullish signals remain intact. Daily momentum studies continue to rise, and short-term moving averages—the 5-, 10-, and 21-day—are trending higher, suggesting sustained upward pressure.

•  Immediate resistance is located at 1.9386(Daily high), any close above will push the pair towards 1.9510(38.2% fib)

• Strong  support is seen at 1.9300 (50% fib) and break below could take the pair towards 1.9213 (14EMA).

Recommendation: Good to buy  around 1.9320 , with stop loss of 1.9150 and target price of 1.9390