FxWirePro: EUR/ NZD downside pressure builds, key support level in focus

• EUR/ NZD  slipped  lower  as risk sentiment steadied ahead of the ceasefire deadline and markets maintained a wait-and-see stance on geopolitics and Bank of England policy.

• President Donald Trump said a U.S. delegation is set to land in Pakistan within hours for talks on Iran, adding that he would be willing to meet with senior Iranian leaders himself if progress is made.

• In a statement, Iran's foreign ministry said U.S. ceasefire violations are blocking diplomacy and that Tehran will decide its next steps. Pakistan is confident it can bring Iran to U.S. talks, a senior Pakistani official told Reuters.

• ECB President Christine Lagarde said the economic impact of the Iran war remains below the ECB’s adverse scenario for prices and growth.

• Immediate resistance is located at  2.0058(SMA 20), any close above will push the pair towards 2.0219(61.8%fib).

• Immediate support is seen at 1.9927 (50%fib) and break below could take the pair towards 1.9818(Lower BB).

 Recommendation: Good to sell around 2.0000 with stop loss of 2.0160 and target price of 1.9920