FxWirePro : EUR/NZD under pressure after buying dries up

Wednesday, July 30, 2025 9:10 PM UTC

•EUR/NZD dipped on Wednesday as euro continued weakned as a lopsided U.S.-EU trade deal revived concerns about the Eurozone economic outlook.

• The 15% tariff on most EU goods is half the initially threatened rate, yet remains well above pre-2025 levels. Uncertainty lingers, particularly regarding duties on pharmaceuticals—a major European export..

• The deal might spare Europe a recession but won't end its stagnation, with projected growth of 0.5%–0.9%, well below the ECB's 1% forecast under normal trade conditions.

• On the data front, GDP in the 20 nations sharing the euro currency expanded by 0.1% on the quarter against expectations for an unchanged reading.

•Meanwhile, Spain grew 0.7% in the quarter, France rose 0.3%, but both Germany and Italy slipped by 0.1%, Eurostat data showed.

• Immediate resistance is located at 1.9609(Jul 23rd high), any close above will push the pair towards 1.9695 (38.2% fib).

• Support is seen at 1.9322(50% fib) and break below could take the pair towards 1.9286 (Lower BB )

Recommendation: Good to sell around 1.9380, with stop loss of 1.9460 and target price of 1.9300

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts