• EUR/NZD steadied on Monday as investors took stock of U.S. President Donald Trump's more cautious stance on tariffs against trading partners..
• Trump hinted on Friday that there would be some flexibility regarding reciprocal tariffs that are set to take effect on April 2 and are expected to drive inflation and hinder economic growth.
• Markets have been volatile amid inflation fears and recession concerns after Trump's recent tariffs on major U.S. trading partners.
• From a technical viewpoint, RSI is bearish at 64, daily momentum studies, 5, 10 and 11 daily MAs are pointing north .
• Immediate resistance is located at 1.8928 (38.2%fib), any close above will push the pair towards 1.1906(23.6%fib).
• Immediate support is seen at 1.8786 (50%fib) and break below could take the pair towards 1.8705 (20th March).
Recommendation: Good to buy around 1.8860, with stop loss of 1.8800 and target price of 1.7920
