FxWirePro: EUR/NZD stuck in range but maintains bullish bias

• EUR/NZD edged higher   on Tuesday but gains were limited  as traders were cautious amid ongoing US-Iran tensions.   

• Officials from the US and Iran spoke separately with mediators on Monday as part of renewed efforts to bring an end to the seven-month conflict..

• The conflict began in late February with US and Israeli strikes on Iran, killing thousands over seven months and disrupting global markets as key oil routes remained blocked..

• Meanwhile, European Central Bank President Christine Lagarde said on Monday that a measured monetary policy response remained appropriate, as the recent inflation surge had yet to trigger significant second-round effects..

• Financial markets are focused on upcoming economic data, including key US employment figures and the Federal Reserve’s preferred inflation gauges.

• Immediate resistance is located at 2.0145(Sep 25th high), any close above will push the pair towards 2.0218(23.6%fib).

• Immediate support is seen at 2.0028 (38.2% fib) and break below could take the pair towards 1.9980(SMA 20).

Recommendation: Good to buy around 2.0100 with stop loss of 2.0000 and target price of 2.0180