•EUR/NZD dipped on Wednesday as investors tracked U.S.-Europe trade negotiations and reviewed regional economic data.
•Despite signs of easing trade tensions, uncertainty around unpredictable U.S. trade policies kept investors cautious.
•Concerns over U.S. trade shifts and inflationary pressures have increased expectations for an ECB rate cut next week.
•Recent data showed German import prices unexpectedly fell 0.4% year-on-year in April, while unemployment in Germany rose faster than expected in May.
•Immediate resistance lies at 1.9153 (38.2%fib ), a close above could push the pair toward 1.9192(Higher BB).
•Support is at 1.8881 (50% fib), and a break below this may lead the pair down to 1.8793 (Lower BB).
Recommendation: Buy around 1.8920, with a stop loss at 1.8850 and a target price of 1.9050.
