• EUR/NZD strengthened on Tuesday as the pair was supported by after data showed that U.S. consumer prices increased moderately in July.
• The consumer price index rose 0.2% last month after gaining 0.3% in June, the Labor Department's Bureau of Labor Statistics said on Tuesday.
• Meanwhile, markets are watching Friday’s Trump-Putin meeting on the Russia-Ukraine war. Trump stated that both Kyiv and Moscow must cede land to end the conflict.
• European leaders and Ukrainian President Volodymyr Zelenskiy are set to speak with Trump on Wednesday amid concerns that Washington may impose unfavorable peace terms on Kyiv.
• Immediate resistance is located at 1.9681(38.2%fib), any close above will push the pair towards 1.9730(Higher BB)
• Strong support is seen at 1.9603(SMA 20) and break below could take the pair towards 1.9395(50%fib).
Recommendation: Good to buy around 1.9600, with stop loss of 1.9560 and target price of 1.9700
