• EUR/NZD slipped on Thursday as investors awaited potential policy signals from the Jackson Hole symposium, amid renewed concerns over the Fed’s independence.
• The annual global central bankers’ meeting in Wyoming begins Thursday, with Fed Chair Jerome Powell scheduled to speak on Friday.
•Concerns over the Fed’s independence resurfaced after U.S. President Donald Trump called on Wednesday for Fed Governor Lisa Cook to resign over allegations related to mortgages on two properties.
•Meanwhile , Eurozone businesses recorded their first rise in new orders since May 2024 in August, driving overall activity to its fastest pace in 15 months, despite ongoing export weakness, a survey showed Thursday.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 60 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 2.0034 (23.6% fib), any close above will push the pair towards 2.0095 (Higher BB).
• Strong support is seen at 1.9719 (38.2% fib) and break below could take the pair towards 1.9631(SMA20)
Recommendation: Good to buy around 1.9900 with stop loss of 1.8820 and target price of 2.0060
