FxWirePro: EUR/NZD bulls remain in control, with the 38.2% fib support expected to cap losses

• EUR/NZD steadied on Monday  after a report suggested that the incoming U.S. administration would implement a more relaxed approach to tariff policies than anticipated.

• The pair held onto most of its losses, even after President-elect Donald Trump denied the claims.

• The Trump tariff story surfaced just as the market braced for a week filled with significant economic data, including Friday's non-farm payrolls report.

 • The technical outlook remains bullish and points to eventual bigger losses, fourteen-day momentum is positive, reinforcing the scope for a bigger gains

• Immediate resistance is located at 1.8490(23.6%fib), any close above will push the pair towards 1.8546(Dec 31st high)

• Support is seen at 1.8308(38.2%fib) and break below could take the pair towards 1.8145(61.8%fib)

Recommendation: Good to buy  around 1.8400, with stop loss of 1.8200 and target price of 1.8520