• EUR/NZD slipped lower Tuesday as softer German inflation and revised Eurozone PMIs weighed on the euro.
• The euro area expanded at a slower pace in December, yet ended 2025 on its best quarterly growth since 2023, as services strength offset manufacturing weakness.
• The final HCOB Eurozone Composite PMI fell to 51.5 in December from November’s 30-month high of 52.8, slightly below the earlier estimate of 51.9.
• PMI readings above 50.0 indicate growth in activity, while those below that level point to a contraction.
• Separate data showed, German inflation eased more than expected in December, falling to 2.0% year-on-year, according to preliminary data from the federal statistics office.
• Immediate resistance is located at 2.0261(SMA20), any close above will push the pair towards 2.0323(38.2%fib).
• Immediate support is seen at 2.0083(50%fib) and break below could take the pair towards 2.0029(Lower BB).
Recommendation: Good to sell around 2.0215 with stop loss of 2.0300 and target price of 2.0150
