• EUR/NZD edged higher but gains were limited as market awaited fresh cues from ongoing EU–U.S. trade talks.
• The EU accused the U.S. of blocking a trade deal on Monday and warned of countermeasures, while President Trump signaled openness to talks ahead of an EU delegation's visit for negotiations.
• The EU initially sought a sweeping trade deal with zero tariffs on industrial goods, but tough talks have shifted focus to a limited agreement, with hopes for broader terms later.
• German investor sentiment improved more than expected in July, according to the ZEW economic research institute, though economists cautioned that confidence could quickly fade without progress on a trade agreement between the EU and the U.S.
• The economic sentiment index rose to 52.7 points from 47.5 points in June, while analysts had on average expected a reading of 50.3.
• Immediate resistance is located at 1.9601(38.2%fib), any close above will push the pair towards 1.9652(Higher BB).
• Support is seen at 1.9413 (SMA 20) and break below could take the pair towards 1.9349 (50%fib).
Recommendation: Good to buy around 1.9500, with stop loss of 1.9450 and target price of 1.5580
