FxWirePro: EUR/NZD eases slight but bias remain bullish

• EUR/NZD edged lower as investors remained cautious ahead of upcoming trade talks between the EU and the US.

• The European Commission said Monday it will push the U.S. to cut or remove tariffs despite Trump’s plan to double steel and aluminium duties to 50%.

•EU Trade Commissioner Maros Sefcovic will meet U.S. Trade Representative Jamieson Greer in Paris on Wednesday, while EU teams hold talks with U.S. counterparts in Washington this week.

•On the data front, Euro zone manufacturing neared stabilisation in May, with production rising for a third month and demand almost steady, a survey showed Monday.

• The HCOB Eurozone Manufacturing PMI rose to 49.4 in May from 49.0 in April, a 33-month high and matching the flash estimate, but still below the 50.0 growth threshold.

• Immediate resistance is located at 1.9041 (50%fib), any close above will push the pair towards 1.9158(Higher BB).

• Immediate support is seen at 1.8844(Lower BB) and break below could take the pair towards 1.8683(50%fib).

 Recommendation: Good to buy around 1.8900, with stop loss of 1.8820 and target price of  1.9080