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FxWirePro : EUR/NZD dips as focus shifts to outcome of US-China talks

•EUR/NZD dipped on Monday  as investors tracked U.S.-China trade negotiations   for a potential breakthrough in   trade negotiations.

• The talks aim to revive last month’s preliminary deal, which briefly calmed markets after weeks of tariff-driven uncertainty under Trump.

• President Trump said his administration was "doing well" and receiving positive updates as U.S. officials held trade talks with China in London.

• Investors also await Wednesday’s U.S. inflation data, which could influence expectations for upcoming Fed rate cuts.

•Immediate resistance lies at 1.9017(38.2%fib  ), a close above could push the pair toward 1.9065(June 25th high).

•Support is at 1.8834 (23.6% fib), and a break below this may lead the pair down to 1.8807 (Lower BB).

Recommendation: buy around 1.8920, with a stop loss at 1.8850 and a target price of 1.9050.

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